Recap As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook As long as Y-1 acts as resistance, Y-3 down to B-2 in play.
If early next week euro flushes below B-1 but snaps back up quickly above that, a drift towards B-0 is expected.
Lawrence's Comment
Recap
Ninja held support, no follow-thru to the downside as expected. A spike back up to Y+1 failed to hold, gave us a drop to Y-0 and eventually Y-1. Closed ...
Lawrence's Comment
Recap
NQ cleared Y+1 by gapping above it right off the start of the week. That forced all shorts to cover and the Y+3 target for surprise move was tagged. ...
EURUSD Jul 09 to Jul 13 Outlook
Lawrence’s Comment
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts as resistance, Y-3 down to B-2 in play.
If early next week euro flushes below B-1 but snaps back up quickly above that, a drift towards B-0 is expected.
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