Recap Y-0 acting as support, rallied to Y+1 as expected. Without any significant selloff formation pulled back to slightly higher than Y-0 and took off again, this implied Y+2 was the target and it was tagged by end of the week.
Outlook No signs of weaknesses yet. Weekly range expanded. More upside is likely. The hard part is to find a lower risk entry. Drifting back to B-0 with B-0 acting as support points to a retest of B+1. Fast drop back to B-0 means consolidation for the coming week.
ContentReviewEuro Decision TimeS&P New Year New ChallengesGold Main Upside Objective FulfilledBig Picture SummaryReviewEuro year 2018 low resistance retest right at the end of last year and still failed to clear ...
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EURUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Y-0 acting as support, rallied to Y+1 as expected. Without any significant selloff formation pulled back to slightly higher than Y-0 and took off again, this implied Y+2 was the target and it was tagged by end of the week.
Outlook
No signs of weaknesses yet. Weekly range expanded. More upside is likely. The hard part is to find a lower risk entry. Drifting back to B-0 with B-0 acting as support points to a retest of B+1. Fast drop back to B-0 means consolidation for the coming week.
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