Recap Euro drifted higher to test normal Y+2 upside target and failed to clear it. Brexit brings it down below Y-1 and gave us the breakout target of Y-3. Closed the week above Y-1 and near midpoint.
Outlook Nothing happened, seriously. Euro simply swinged back to the same 1.12 zone before this week. This confirms 1.14 very strong resistance with momentum pointing to a lot more downside. B-0 / Y-0 resistance until proven otherwise.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Consolidation as expected. Centered around Y+1 instead of previous week close as Dow gapped up to Y+1 at the start of the week. Closed the week above Y+1 and ...
Lawrence's Comment
Recap
Easy play of the week. Previous week close right below Y-0 acted as resistance sending cable down to Y-2 target. No surprises, no fake out. Closed the week below ...
EURUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Euro drifted higher to test normal Y+2 upside target and failed to clear it. Brexit brings it down below Y-1 and gave us the breakout target of Y-3. Closed the week above Y-1 and near midpoint.
Outlook
Nothing happened, seriously. Euro simply swinged back to the same 1.12 zone before this week. This confirms 1.14 very strong resistance with momentum pointing to a lot more downside. B-0 / Y-0 resistance until proven otherwise.
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