Recap Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint.
Outlook Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.
Lawrence's Comment
Recap
As expected ES dropped down to the Y-2 and Y-3 area and fighted hard to hold up. Y-0 acting as resistance forced a retest of week low made on ...
Lawrence's Comment
Recap
No test of either extreme in the beginning of the week, so the consolidation play of drifting around Y-0 kicked in. Then Fed chair Mrs Yellen changed the game. ...
EURUSD Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint.
Outlook
Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.
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