Lawrence's Comment
Recap
Y-0 failed to provide support and turned the spring setup into a consolidation. Closed the week at week low and below Y-0.
Outlook
Inside week with Y-0 and B-0 near same ...
Lawrence's Comment
Recap
Y-1 failed to hold up the pair. Y-0 was not even challenged from below. Closed the week, however, above Y-1.
Outlook
Opened the door to test Y-2 below. Breaking ...
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EURUSD Jul 11 to Jul 15 Outlook
Lawrence’s Comment
Y-0 never acted as support at all as news shock has created wild swings around Y-0. Closed the week close to B-1.
Outlook
Still looking for bullish continuation once B-0 is traded thru from below.
If B-1 fails to hold up Euro, we will get Y-1 quickly with B-2 as the next downside target.
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