Recap Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week near midpoint and above Y-1.
Outlook Lots of effort spent to hold this zone. Early next week holding Y-1 to B-0 area and breakout above B+1 can lead to a run towards B+3.
As long as B+1 acting as resistance, 1.26 downside target still in play.
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Lawrence's Comment
Recap
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on ...
Lawrence's Comment
Recap
Y-0 support sent Dow back up to Y+1 for a test. We know it is strong resistance and Dow reacted to it and dropped straight down to Y-1. The ...
EURUSD Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week near midpoint and above Y-1.
Outlook
Lots of effort spent to hold this zone. Early next week holding Y-1 to B-0 area and breakout above B+1 can lead to a run towards B+3.
As long as B+1 acting as resistance, 1.26 downside target still in play.
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