Lawrence's Comment
Recap
Resistance zone mentioned last week capped Euro upside and the breaking of Y-0 gave us Y-1 downside target as expected. Closed the week near Y-1 and week low.
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Lawrence's Comment
Recap
Breached Y+1 early in the week telling us Y+2 in play. Pulled back around 15 points (not quite the 20 points from expectation), then zoom up to target. ...
EURUSD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Euro held above Y-0 all week and then news shock / rumors late in the week sending it above Y+1. Closed the week below Y+1 and near midpoint.
Outlook
If early next week euro failed to hold above B-0, we are looking for a drop to B-2 quickly.
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