Recap Classic STOPD consolidation behaviour – rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook The breakout is officially in place. It is going up. As long as any pullback is quick and bounce back up quicker and no lower than B-0, euro is on its way to B+2 and much higher.
Lawrence's Comment
Recap
Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and ...
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Lawrence's Comment
Recap
Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed ...
EURUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Classic STOPD consolidation behaviour – rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook
The breakout is officially in place. It is going up. As long as any pullback is quick and bounce back up quicker and no lower than B-0, euro is on its way to B+2 and much higher.
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