Recap As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook As long as Y-1 acts as resistance, Y-3 down to B-2 in play.
If early next week euro flushes below B-1 but snaps back up quickly above that, a drift towards B-0 is expected.
Lawrence's Comment
Recap
Similar to Dow, ES just refused to go lower and continue its pattern of holding the upper range of previous week and pushed higher. When it fails to do ...
Lawrence's Comment
Recap
Feb close acted as resistance and selloff to fill gap below. That was the play mentioned last week. But it was all we got from the formation. ...
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
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 09 to Jul 13 Outlook
Lawrence’s Comment
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts as resistance, Y-3 down to B-2 in play.
If early next week euro flushes below B-1 but snaps back up quickly above that, a drift towards B-0 is expected.
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