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.
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
Stronger than expected bounce led to tagging Y-0. But that was all we got. Closed the week near midpoint.
Outlook
Coiled up formation means breakout in the making. Focus ...
Lawrence's Comment
Recap
Euro consolidated between Y+2 (the crime scene before the last flush) and Y-0 (wedge breakout support). Y+1 / 1.10 did not act as support hence no short term trend ...
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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