Recap Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0.
Outlook euro has not snapped out of its bearish down trend yet. If early next week euro stall from Y+1, then a strong pullback to B-0 or lower is expected. Messy pair to swing trade.
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Lawrence's Comment
Recap
Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal ...
EURUSD Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0.
Outlook
euro has not snapped out of its bearish down trend yet. If early next week euro stall from Y+1, then a strong pullback to B-0 or lower is expected. Messy pair to swing trade.
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