Recap Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not bearish enough to zoom down to Y-3. Closed the week at around Y-1.
Outlook 1.45 resistance will stop any further rally attempt.
As long as B-0 to Y-1 acts as resistance, B-1 will be retested and Y-3 is the next downside target.
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Lawrence's Comment
Recap
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and ...
Lawrence's Comment
Recap
Euro rallied from Y-1 as expected and cleared Y-0 in 1 go. The counter-trend rally was triggered as mentioned last week zooming it back up to near 1.28 before ...
EURUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not bearish enough to zoom down to Y-3. Closed the week at around Y-1.
Outlook
1.45 resistance will stop any further rally attempt.
As long as B-0 to Y-1 acts as resistance, B-1 will be retested and Y-3 is the next downside target.
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