Recap Breaking below Y-1 without tagging Y-0 first as explained last week gave us a drop until 100% absolute range expansion. Closed the week below Y-1 and near week low.
Outlook More downside likely with Brexit being the focus in June. B-0 / Y-1 strong resistance until proven otherwise.
Lawrence's Comment
Recap
Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime ...
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Lawrence's Comment
Recap
Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below ...
EURUSD May 23 to May 27 Outlook
Lawrence’s Comment
Breaking below Y-1 without tagging Y-0 first as explained last week gave us a drop until 100% absolute range expansion. Closed the week below Y-1 and near week low.
Outlook
More downside likely with Brexit being the focus in June. B-0 / Y-1 strong resistance until proven otherwise.
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