Recap Tight range. No news. No move. Closed the week at midpoint and Y-0.
Outlook Breakout mode. Original trend entering the consolidation was up. So, upside breakout has a slight advantage. Any breakout from here should tag at least B+3 or B-3 in 1 go.
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Lawrence's Comment
Recap
No selloff. No major bounce. Another pair just stuck at Y-1. Closed the week near Y-1 and midpoint.
Outlook
Looking for a breakout play if B+1 or B-1 is taken out ...
EURUSD Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Tight range. No news. No move. Closed the week at midpoint and Y-0.
Outlook
Breakout mode. Original trend entering the consolidation was up. So, upside breakout has a slight advantage. Any breakout from here should tag at least B+3 or B-3 in 1 go.
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