Recap Y-0 held as support, zoomed higher at the end of the week to Y+2 and above as expected. Closed the week above Y+2 and midpoint.
Outlook The last part of the rally is pure stop run thus the pre-breakout price of B-0 will likely be retested.
Euro is not in a long term rally setup, it is more like a trading range in weekly thus upside is limited. Looking for sudden reversal to take it back down to B-1 once the excessive bearish sentiment is washed.
Lawrence's Comment
Recap
Aussie followed its peers and collapsed down to 100% range expansion. Closed the week below Y-2 and near week low.
Outlook
Consolidation likely as long as Y-3 acts as ...
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Lawrence's Comment
Recap
Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week ...
Lawrence's Comments
Recap
Mentioned in real-time commentaries that this pair is due for a correction as it failed to take out the 50% upside expansion target decisively and that target ...
EURUSD Jun 10 to Jun 14 Outlook
Lawrence’s Comment
Y-0 held as support, zoomed higher at the end of the week to Y+2 and above as expected. Closed the week above Y+2 and midpoint.
Outlook
The last part of the rally is pure stop run thus the pre-breakout price of B-0 will likely be retested.
Euro is not in a long term rally setup, it is more like a trading range in weekly thus upside is limited. Looking for sudden reversal to take it back down to B-1 once the excessive bearish sentiment is washed.
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