Recap No quick snap back up early in the week. Just drift down. End of week sudden pop back up to Y-1. Closed the week at midpoint and below Y-1.
Outlook No clue from the price actions last week.
Normally, such weak consolidation points to much lower prices the week right after. But rumors are flying all over the place since Friday. I expect sudden surprises and wild swings this coming week.
Lawrence's Comment
Recap
Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint.
Outlook
Instead of forming a good bottom, ninja was forced ...
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EURUSD Jul 16 to Jul 20 Outlook
Lawrence’s Comment
No quick snap back up early in the week. Just drift down. End of week sudden pop back up to Y-1. Closed the week at midpoint and below Y-1.
Outlook
No clue from the price actions last week.
Normally, such weak consolidation points to much lower prices the week right after. But rumors are flying all over the place since Friday. I expect sudden surprises and wild swings this coming week.
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