Recap Sold off to Y-3. Bounced back up to Y-1 which acted as resistance. Ended the week below Y-1 and above midpoint.
Outlook Unlike cable, euro sold off so hard that it could not rally above Y-1 last week. That mean even if euro rally this week into B+2, it is not likely it can take out Y+1. If Y-1 to B+1 acts as resistance, a retest of B-1 is in play.
Lawrence's Comment
Recap
8 to 10 points swings several times in RTH and in AH as expected. Taking out Y+1 but not quite Y+2 means a retest of Y+0 in ...
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
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
Dow trapped in Y-0 to Y+1 most of the week until Friday option expiration. It then took off when news about Greece debt agreement were fed out. Closed the ...
EURUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Sold off to Y-3. Bounced back up to Y-1 which acted as resistance. Ended the week below Y-1 and above midpoint.
Outlook
Unlike cable, euro sold off so hard that it could not rally above Y-1 last week. That mean even if euro rally this week into B+2, it is not likely it can take out Y+1. If Y-1 to B+1 acts as resistance, a retest of B-1 is in play.
Share