Recap Euro drifted higher around Y+1. Closed the week above Y+1 and midpoint.
Outlook Completely artificial rally since 3 weeks ago by empty promises from ECB. A tight up channel is visible on 4 hours and 8 hours.
Rallied like cable and keep extending to the upside in a well defined structure cannot continue for a long time. Expects quick snapback down to B-2 once the up channel support line is broken.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...
Lawrence's Comment
Recap
The big surprise last week came from NQ. As oppose to slide down to support level early in the week, a short squeeze sending NQ to retest ...
EURUSD Jun 17 to Jun 21 Outlook
Lawrence’s Comment
Euro drifted higher around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Completely artificial rally since 3 weeks ago by empty promises from ECB. A tight up channel is visible on 4 hours and 8 hours.
Rallied like cable and keep extending to the upside in a well defined structure cannot continue for a long time. Expects quick snapback down to B-2 once the up channel support line is broken.
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