Recap B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high.
Outlook Euro 4 hour and daily is in a form of 3 pushes up. Once Y+1 turning into resistance euro will likely correct back down to below Y-1.
Lawrence's Comment
Recap
Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and ...
Lawrence's Comment
Recap
Consolidation around previous week close in tight range. Closed the week below Y-0 and near midpoint.
Outlook
Test of B-1 likely. B-1 acting as support will give us B+1 ...
EURUSD May 18 to May 22 Outlook
Lawrence’s Comment
B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high.
Outlook
Euro 4 hour and daily is in a form of 3 pushes up. Once Y+1 turning into resistance euro will likely correct back down to below Y-1.
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