Lawrence's Comment
Recap
Consolidated below Y+1. Sellers failed to push cable lower. Breakout to the upside at the end. Closed the week above Y+1 and near week high.
Outlook
Upside breakout confirmed. As long ...
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EURUSD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint.
Outlook
Y-0 / B+1 strong resistance until proven otherwise. Failing to clear the resistance points to a drop back down to B-1 and below.
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