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
Got the pullback as expected. Found support at Y-0. Closed the week above Y-0.
Outlook
As long as B-1 acting as support, a retest of B+1 / Y+1 is ...
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Lawrence's Comment
Recap
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. ...
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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