Recap Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and midpoint.
Outlook 2nd leg push higher has its short term objective completed. As long as euro can form a top within B+1 to Y+3 area, a more significant pullback can take euro back down to Y+1 again.
Next week is likely to be capped by Y+4 and consolidate around Y+3.
Lawrence's Comment
Recap
Ninja flushed below Y-3 as expected with no snap back. Y-4 acted as support since. Closed the week below Y-3 and midpoint.
Outlook
Brexit can indirectly affects ninja jumping ...
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Lawrence's Comment
Recap
Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint.
Outlook
The selloff down to Y-2 is just normal reaction to the spike reversal from ...
EURUSD Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and midpoint.
Outlook
2nd leg push higher has its short term objective completed. As long as euro can form a top within B+1 to Y+3 area, a more significant pullback can take euro back down to Y+1 again.
Next week is likely to be capped by Y+4 and consolidate around Y+3.
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