Trading Edges That Last
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EURUSD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the week prior to last week. Closed the week at midpoint near Y-0.
Outlook
Inside week in place. Week midpoint at around the same level for 2 weeks. Euro is now in breakout mode meaning that trades within Y-1 upto Y+1 would mainly be noise only.
Wait for a strong move that trade outside of this range for direction.
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