Recap Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
Outlook Inside week points to breakout mode. So far weekly ledge in place so continuation down is the more likely outcome with target below 1.08
Lawrence's Comment
Recap
Seasonal bearish bias kicked in at the right time and played out nicely into year end. Closed the week near Y-2 and week low.
Outlook
Complicated situation as last ...
Lawrence's Comment
Recap
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...
Lawrence's Comment
Recap
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.
Outlook
Inside week. ...
EURUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low.
Outlook
Inside week points to breakout mode. So far weekly ledge in place so continuation down is the more likely outcome with target below 1.08
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