Recap Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook As expected we got a consolidation week. It is also the seasonal quiet time. Nothing much can be done until the prescribed 1.32 level is tested.
If Euro develops into an Adam and Eve pattern over the coming 1 to 2 weeks, looking for a significant selloff back down to at least 1.28.
Lawrence's Comment
Recap
Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to ...
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Lawrence's Comment
Recap
Aussie unfolded exactly as expected. Bounced back to Y-0 and stalled from there since. Retest of Y-1 happened at the end of the week. Closed the week at ...
Lawrence's Comment
Recap
Classic consolidation near Y+1 at 50% of previous week range. Closed the week above midpoint and Y+1.
Outlook
Probably no direction until after new year. As long as B-1 ...
EURUSD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook
As expected we got a consolidation week. It is also the seasonal quiet time. Nothing much can be done until the prescribed 1.32 level is tested.
If Euro develops into an Adam and Eve pattern over the coming 1 to 2 weeks, looking for a significant selloff back down to at least 1.28.
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