Recap Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
Outlook Inside week points to breakout mode. So far weekly ledge in place so continuation down is the more likely outcome with target below 1.08
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
Lawrence's Comment
Recap
Consolidated above Y-1 first half of the week. Then strong reaction to tag of Y-1 sent euro back up to also Y-0. Then news shock came and trapped the ...
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
Lawrence's Comment
Recap
Euro broke below Y-0 and gave us Y-2 as expected. Nice surprise that it dropped straight down to Y-3. Closed the week near week low and around Y-3.
Outlook
Weekly reversal ...
EURUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
Outlook
Inside week points to breakout mode. So far weekly ledge in place so continuation down is the more likely outcome with target below 1.08
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