Recap Y-1 held early in the week and then staged a higher low breakout to the upside. Tagged Y+2 by end of the week. Closed the week above Y+1.
Outlook Bull flag breakout to the upside points to retesting the Y+3 area. As long as B-0 is acting as support, looking for higher price level coming week.
Lawrence's Comment
Recap
Consolidation at 50% range found support above Y-0 and sent this back up to Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 resistance points to potential ...
Recap of last week Test of yellow zone leaded to further downside movement, but did not make it to the target area. Effective stuck in the range established in ...
Lawrence's Comment
Recap
Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed ...
Lawrence's Comment
Recap
Trapped between Y-0 downto Y-1. Nothing much happened for the pair.
Outlook
Bottoming formation promising but not in place yet.
Must successfully break above B+1 and that turning into ...
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EURUSD Oct 08 to Oct 12 Outlook
Lawrence’s Comment
Y-1 held early in the week and then staged a higher low breakout to the upside. Tagged Y+2 by end of the week. Closed the week above Y+1.
Outlook
Bull flag breakout to the upside points to retesting the Y+3 area. As long as B-0 is acting as support, looking for higher price level coming week.
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