Lawrence's Comment
Recap
Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near ...
Lawrence's Comment
Recap
Multiple news shock since the beginning of the week has sent euro higher all week. The normal range expansion target of Y+3 was tagged by the close of ...
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EURUSD Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.
Outlook
Critical week.
If euro can stay above Y+1 by end of week, the weekly breakout will be confirmed and that opens the door to higher price levels.
If euro failed to stay above Y+1 by end of week, it will turn into a false breakout on weekly level implying quick drop back down to B-3.
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