Recap Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint.
Outlook Whole Europe is now in panic mode. Any news shock can easily swing Euro 200 pips both ways. Inside week points to breakout play. Upside breakout target B+3 right below very strong resistance 1.14. Downside breakout 1.08 and below is in the card.
Lawrence's Comment
Recap
Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and ...
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
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
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
EURUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint.
Outlook
Whole Europe is now in panic mode. Any news shock can easily swing Euro 200 pips both ways. Inside week points to breakout play. Upside breakout target B+3 right below very strong resistance 1.14. Downside breakout 1.08 and below is in the card.
Share