Recap As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there.
Outlook As long as B-0 acts as support, B+1 will be retested. In order for this pair to change its trend, we need to get a weekly confirmed selloff which close below the prior week midpoint. That means, for this week, unless we see euro closing below Y+1 to B-0, the rally is likely going to continue.
Lawrence's Comment
Recap
Gapped higher near Y+1 to start the week. After failing to clear Y+1 gave us a drop back down to Y-0 and filled the open gap in 1 go. ...
Lawrence's Comment
Recap
As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000.
Outlook
The rally is in melt up style implying ...
EURUSD May 02 to May 06 Outlook
Lawrence’s Comment
As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there.
Outlook
As long as B-0 acts as support, B+1 will be retested. In order for this pair to change its trend, we need to get a weekly confirmed selloff which close below the prior week midpoint. That means, for this week, unless we see euro closing below Y+1 to B-0, the rally is likely going to continue.
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