Recap Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0.
Outlook euro has not snapped out of its bearish down trend yet. If early next week euro stall from Y+1, then a strong pullback to B-0 or lower is expected. Messy pair to swing trade.
Lawrence's Comment
Recap
Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. ...
Lawrence's Comment
Recap
Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop ...
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
EURUSD Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0.
Outlook
euro has not snapped out of its bearish down trend yet. If early next week euro stall from Y+1, then a strong pullback to B-0 or lower is expected. Messy pair to swing trade.
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