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.
Lawrence's Comment
Recap
As explained last week, weekly up trend intact and that is good enough reason to send Dow back up to fill the open gap above. Gap fill led to ...
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
Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low.
Outlook
Y-0 is still in ...
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
S&P gapped down right from the start of the week as if it was going to break below Y-1. Yet it gapped up right after and tagged Y+1 the ...
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
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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