Recap Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and at week low.
Outlook Euro is hanging on a thread here above 1.28. A spike low below B-2 can stop the current down move if a strong bounce is resulted from the flush. Until Euro can reclaim B-0, it will not be strong enough to move higher to the longer term resistance at B+2 / Y+3.
Lawrence's Comment
Recap
Mon/Tue produced a swing high allowing us to join the continuation sell later in the week. Closed the week below Y-0 and near week low.
Outlook
The selling is not completed. ...
Lawrence's Comment
Recap
Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to ...
Lawrence's Comment
Recap
Deep pullback to Y-0 as expected. Closed the week near Y-0 and week low.
Outlook
Potential significant top in place as NQ new high was not comfirmed by Dow ...
EURUSD Sep 22 to Sep 26 Outlook
Lawrence’s Comment
Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and at week low.
Outlook
Euro is hanging on a thread here above 1.28. A spike low below B-2 can stop the current down move if a strong bounce is resulted from the flush. Until Euro can reclaim B-0, it will not be strong enough to move higher to the longer term resistance at B+2 / Y+3.
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