Recap Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook Consolidation week near Y-1 is bearish and B+1 is strong resistance. A continuation move down to B-2 likely as long as Y-0 / B+1 can cap the bounce.
Lawrence's Comment
Recap
Pullback consolidation play worked out. Y-0 target tagged. 50% range. Closed the week near Y-0 and below midpoint.
Outlook
A retest of Y+1 is possible but only if cable ...
Lawrence's Comment
Recap
Aussie looks awfully like euro dollar these past 2 weeks. Bear flag selloff below Y-1 yet finding support below Y-1 and bounced back above Y-1 to close ...
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EURUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook
Consolidation week near Y-1 is bearish and B+1 is strong resistance. A continuation move down to B-2 likely as long as Y-0 / B+1 can cap the bounce.
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