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.
Lawrence's Comment
Recap
No pullback to support making this more difficult to go higher. Consolidation above Y+1 all week. Closed the week above midpoint and Y+1.
Outlook
Y+1 acted as support all week points ...
Lawrence's Comment
Recap
Breakdown play target reached in the beginning of the week. Bounced off there to test Y-1 from below as expected. Failing to re-enter previous week range gave us a ...
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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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