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.
Lawrence's Comment
Recap
NQ failed to clear Y+1 and led to a drop to Y-1 quickly and then it failed to clear Y-0 resulting in more selling into Y-3. That produced a ...
Chart with key levels. Purple horizontal lines mark the 2012 range. Light purple horizontal line marks the 50% expansion. Blue lines down channel. Red lines ...
Lawrence's Comment
Recap
Upside triangle mentioned last week broken down to the downside and never recovered above the resistance line. Collapsed 120+ points to Y-4 and closed the week at ...
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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