Recap Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint.
Outlook Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.
Lawrence's Comment
Recap
Y-1 acted as support early in the week sending this back up to the down channel top. Channel resistance forced a turn lower and we got the channel support ...
Lawrence's Comment
Recap
All eyes on Greece and that have effective frozen cable and euro around where they were closed the week prior. After the last minute deal was done, normal ...
EURUSD Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint.
Outlook
Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.
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