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.
Outlook Daily down trend resumes. As long as Y-0 / B-0 resistance can cap any bounce, Y-2 / B-2 is in play.
Lawrence's Comment
Recap
FBO confirmed and sold off to B-2 as expected. By end of week a stop run carried the pair down to Y-3. Closed the week below Y-2 ...
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Lawrence's Comment
Recap
The messed up pair of the week. Started out the week with Y-0 acting as resistance, forcing it to break down to target zone Y-3. Then staged a ...
EURUSD Jan 25 to Jan 29 Outlook
Lawrence’s Comment
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.
Outlook
Daily down trend resumes. As long as Y-0 / B-0 resistance can cap any bounce, Y-2 / B-2 is in play.
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