Recap No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint.
Outlook Bear flag breakout to the downside on daily points to retest of Brexit spike low in play. That in turn will lead to waterfall effect of downside breakout to B-3 and below.
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
Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against ...
Lawrence's Comment
Recap
Consolidation action at support as mentioned last week. FOMC announcement sent ES back down to retest the support zone and it was defended. Short squeeze on Friday finished 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 11 to Jul 15 Outlook
Lawrence’s Comment
No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint.
Outlook
Bear flag breakout to the downside on daily points to retest of Brexit spike low in play. That in turn will lead to waterfall effect of downside breakout to B-3 and below.
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