Recap Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
Lawrence's Comment
Recap
Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed ...
Lawrence's Comment
Recap
NQ pushed higher but mainly in consolidation mode. Closed the week near Y+1 and midpoint.
Outlook
NQ consolidation at the top of the rally points to more upside potential. ...
Lawrence's Comment
Recap
Aussie found resistance from Y+1 resistance zone and stalled back down to near the crime scene below. Closed the week below Y-0 and midpoint.
Outlook
Y-0 / B-0 confirmed resistance with ...
Lawrence's Comment
Recap
Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week ...
EURUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
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