Recap Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that’s exactly what happened right after. 100% absolute range expansion stopped euro from going higher. Closed the week above Y-0 and near midpoint.
Outlook Decisive rejection of the 1.28 to 1.29 zone. FBO against Y+1 in place on weekly. As long as Y+1 acting as resistance, we get a flush back down to B-1 and likely Y-1 soon.
Lawrence's Comment
Recap
Breakout below Y-1 gave us Y-2 minimal target. Interesting twist from there, however, was the quick rally back upto Y-0 to end the week.
Outlook
Downside breakout failure on weekly ...
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Lawrence's Comment
Recap
As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below ...
EURUSD Oct 20 to Oct 24 Outlook
Lawrence’s Comment
Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that’s exactly what happened right after. 100% absolute range expansion stopped euro from going higher. Closed the week above Y-0 and near midpoint.
Outlook
Decisive rejection of the 1.28 to 1.29 zone. FBO against Y+1 in place on weekly. As long as Y+1 acting as resistance, we get a flush back down to B-1 and likely Y-1 soon.
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