Recap Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook As expected we got a consolidation week. It is also the seasonal quiet time. Nothing much can be done until the prescribed 1.32 level is tested.
If Euro develops into an Adam and Eve pattern over the coming 1 to 2 weeks, looking for a significant selloff back down to at least 1.28.
Lawrence's Comment
Recap
As mentioned last time, the market is unstable. Violent breakout happened to the downside. Sold off all the way to below Y-3. Closed the week below Y-3 and at ...
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
Beautiful drop from the head and shoulder neckline to the target in 1 go. Eventually stopped at 100% range expansion and bounced. Closed the week near Y-2 and below ...
Lawrence's Comment
Recap
I got this pair wrong last week as I overestimated its strength. Right off the start of the week, Aussie immediately snapped back down to where it was supposed ...
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 22 to Jul 26 Outlook
Lawrence’s Comment
Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook
As expected we got a consolidation week. It is also the seasonal quiet time. Nothing much can be done until the prescribed 1.32 level is tested.
If Euro develops into an Adam and Eve pattern over the coming 1 to 2 weeks, looking for a significant selloff back down to at least 1.28.
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