Recap Did not comment on euro last week due to technical issues with the post not added proper. Y+1 acted as resistance leading to a quick break below Y-0, which opened the door to Y-1 and below. Once Y-1 was taken out, Y-2 was tagged as well. Closed the week at the low.
Outlook The structural support of euro is coming in around 1.25 area. As long as Y-1 acting as resistance, euro will have no choice but sliding towards the support zone.
If intervention happens again, then B-0 will be taken out quickly and turning into support, there you get a small window of time for a continuation short squeeze back up to B+1.
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Lawrence's Comment
Recap
Sold off early in the week with Dow leading to the downside. This time ES was influenced by Dow more than NQ. Back down to support ES bounced off ...
Lawrence's Comment
Recap
Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint.
Outlook
Below 1.30 is rejected due to ...
Lawrence's Comment
Recap
Y+1 did not act as resistance at all. ES simply open above it and stayed above til Fed announcement. ES zoomed to Y+3 and stalled. Closed the week below ...
Lawrence's Comment
Recap
Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook
Gold did ...
EURUSD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Did not comment on euro last week due to technical issues with the post not added proper. Y+1 acted as resistance leading to a quick break below Y-0, which opened the door to Y-1 and below. Once Y-1 was taken out, Y-2 was tagged as well. Closed the week at the low.
Outlook
The structural support of euro is coming in around 1.25 area. As long as Y-1 acting as resistance, euro will have no choice but sliding towards the support zone.
If intervention happens again, then B-0 will be taken out quickly and turning into support, there you get a small window of time for a continuation short squeeze back up to B+1.
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