Recap Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the developing situation in Greece. Closed the week below Y-1 and midpoint.
Outlook Wait and see mode continue until we have some tangible outcome from Greece. Long term down trend intact.
Lawrence's Comment
Recap
Test of Y+1 failed on first try sent NQ back down to Y-0. Y-0 support sent NQ on 2nd try to Y+1. FBO Y+1 sent NQ down to almost ...
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Lawrence's Comment
Recap
Y-0 support sent this higher to test Y+1. Turned lower below Y+1 opening the door to Y-1. Y-1 tagged and bounced. Closed the week above Y-0 and B-0.
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EURUSD Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the developing situation in Greece. Closed the week below Y-1 and midpoint.
Outlook
Wait and see mode continue until we have some tangible outcome from Greece. Long term down trend intact.
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