Recap Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook As expected we got a consolidation week. It is also the seasonal quiet time. Nothing much can be done until the prescribed 1.32 level is tested.
If Euro develops into an Adam and Eve pattern over the coming 1 to 2 weeks, looking for a significant selloff back down to at least 1.28.
Lawrence's Comment
Recap
Cable went sideway until ECB announcement. Successfully filled the open gap above as expected. Closed the week above Y+1 and midpoint.
Outlook
Strong resistance zone above B+1 upto B+2 ...
Lawrence's Comment
Recap
As I pointed out last week, a healthy pullback takes more than a week. NQ gapped higher into the resistance zone and sold off down to Y-1 and completed ...
EURUSD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook
As expected we got a consolidation week. It is also the seasonal quiet time. Nothing much can be done until the prescribed 1.32 level is tested.
If Euro develops into an Adam and Eve pattern over the coming 1 to 2 weeks, looking for a significant selloff back down to at least 1.28.
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