Recap Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint.
Outlook Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will tell us what to do. Be patient and wait for it.
Lawrence's Comment
Recap
Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint.
Outlook
The selloff down to Y-2 is just normal reaction to the spike reversal from ...
Lawrence's Comment
Recap
As stated in my newsletter to my premium members, an average of 2% drop is expected in December before year end rally can happen. And here we are, having ...
Lawrence's Comment
Recap
Failed to push thru Y-0 early in the week and a landslide started. Y-2 failed to act as support and forced a flush below Y-3. Rally from ...
Lawrence's Comment
Recap
Consolidation at 50% range found support above Y-0 and sent this back up to Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 resistance points to potential ...
EURUSD Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint.
Outlook
Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will tell us what to do. Be patient and wait for it.
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