Recap Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the developing situation in Greece. Closed the week below Y-1 and midpoint.
Outlook Wait and see mode continue until we have some tangible outcome from Greece. Long term down trend intact.
EURUSD Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the developing situation in Greece. Closed the week below Y-1 and midpoint.
Outlook
Wait and see mode continue until we have some tangible outcome from Greece. Long term down trend intact.
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