Recap Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from Y+1 late in the week dropped euro to close at low of the week.
Outlook Last week whole week is a big 1-3- formation, should B-1 fail to act as support, a drop to B-3 is expected.
A rare scenario may unfold if B-1 is not breached early in the week then a quick rally to B+1 or slightly higher around 1.43 is possible.
Lawrence's Comment
Recap
Wild consolidation indeed. Aussie spiked up and down around Y+1 as expected and ended the week lower above Y-0 and near week low.
Outlook
Price above Y+1 is now decisively rejected. ...
Lawrence's Comment
Recap
ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week ...
EURUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from Y+1 late in the week dropped euro to close at low of the week.
Outlook
Last week whole week is a big 1-3- formation, should B-1 fail to act as support, a drop to B-3 is expected.
A rare scenario may unfold if B-1 is not breached early in the week then a quick rally to B+1 or slightly higher around 1.43 is possible.
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