Recap As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0.
Outlook B-2 is next downside target. The less likely scenario is a slow grind selloff to B-1 with a quick rally from there taking out B-0. If that happens, the down trend is broken.
Lawrence's Comment
Recap
Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
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Lawrence's Comment
Recap
Gap down open led to an all out rally defending Y-0. The surprise move to many was good enough to get Y+1 early in the week. ES holding above ...
USDCAD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0.
Outlook
B-2 is next downside target.
The less likely scenario is a slow grind selloff to B-1 with a quick rally from there taking out B-0. If that happens, the down trend is broken.
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