Recap Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint.
Outlook Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will tell us what to do. Be patient and wait for it.
Lawrence's Comment
Recap
First time since beginning of the year where Y-0 acted as resistance and gave us a selloff down to my target area 14800-14900. As I warned last week, beware ...
Lawrence's Comment
Recap
Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and ...
EURUSD Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint.
Outlook
Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will tell us what to do. Be patient and wait for it.
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