Recap Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
Lawrence's Comment
Recap
Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above ...
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Lawrence's Comment
Recap
Bounced back up to Y-0 and found resistance. Sold off down to Y-2 as expected. Closed the week below Y-1 and midpoint.
Outlook
Strong support / downside target Y-3 ...
EURUSD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Perfect pullback to my resistance price and dropped all the way to end of week. Closed the week at the low and below Y-1.
Outlook
As mentioned in MBO newsletter, Euro rally cannot be trusted because it is just delay tactics from Euro zone officials. At the end, they always agree to print more.
Daily uptrend broken. As long as 1.30 not breached looking for a drop to 1.26 again.
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