Recap No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint.
Outlook Bear flag breakout to the downside on daily points to retest of Brexit spike low in play. That in turn will lead to waterfall effect of downside breakout to B-3 and below.
Forex majors has a very consistent characteristics across them all. Namely, the likelihood of tagging the midpoint of a week in the week right after. The overall statistics across all ...
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 11 to Jul 15 Outlook
Lawrence’s Comment
No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint.
Outlook
Bear flag breakout to the downside on daily points to retest of Brexit spike low in play. That in turn will lead to waterfall effect of downside breakout to B-3 and below.
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