Recap More upside as expectation. 1.14 proven strong resistance as stated in Jun MBO newsletter update. Pullback to Y-0 eventually. Closed the week near Y-0 and week low.
Outlook Last week before Brexit. Liquidity will dry up and that means the closest boundaries will be challenged easily and if they failed to contain the move, we get the next one immediately. Not the time to be a hero to trade in the current environment.
Lawrence's Comment
Recap
More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook
Canadian dollar ...
Lawrence's Comment
Recap
Pusher higher in the beginning of the week to fill the gap above but failed. News hit the wire before it was done. Euro collapsed back down to Y-2 ...
EURUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
More upside as expectation. 1.14 proven strong resistance as stated in Jun MBO newsletter update. Pullback to Y-0 eventually. Closed the week near Y-0 and week low.
Outlook
Last week before Brexit. Liquidity will dry up and that means the closest boundaries will be challenged easily and if they failed to contain the move, we get the next one immediately. Not the time to be a hero to trade in the current environment.
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