Recap Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0.
Outlook euro has not snapped out of its bearish down trend yet. If early next week euro stall from Y+1, then a strong pullback to B-0 or lower is expected. Messy pair to swing trade.
Lawrence's Comment
Recap
Intervention effect mostly erased by Thursday. Yet, after 100% absolute range established, NQ found the excuse to go higher and closed the week above midpoint and previous ...
Lawrence's Comment
Recap
Y+1 / previous week close resistance dropped Dow back down to Y-0. Dow bounced off Y-0 to fill the gap above and stalled. After NFP Dow dropped to Y-0 ...
EURUSD Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0.
Outlook
euro has not snapped out of its bearish down trend yet. If early next week euro stall from Y+1, then a strong pullback to B-0 or lower is expected. Messy pair to swing trade.
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