Recap Classic STOPD consolidation behaviour – rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook The breakout is officially in place. It is going up. As long as any pullback is quick and bounce back up quicker and no lower than B-0, euro is on its way to B+2 and much higher.
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
EURUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Classic STOPD consolidation behaviour – rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook
The breakout is officially in place. It is going up. As long as any pullback is quick and bounce back up quicker and no lower than B-0, euro is on its way to B+2 and much higher.
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