Recap Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint.
Outlook FOMC week will decide how far Euro is going to drop. Target of 1.08 still in play.
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EURUSD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint.
Outlook
FOMC week will decide how far Euro is going to drop. Target of 1.08 still in play.
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