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EURUSD Jun 27 to Jul 01 Outlook

By News Robot on 2011 Jun 25 Sat 7:05

Lawrence’s Comment

Recap
Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.

Outlook
Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.

Breakout of this inside week will give us a clear direction to trade in the coming month.

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