Recap Gap up in the beginning of the week. Then consistent selling all the way down to Y-2 as expected. Cannot get any better than that. Once 100% previous week range completed, immediately bounced back to midpoint. Closed the week near midpoint.
Outlook Bottoming action early next week at B-1 will give euro a double bottom that can zoom back up to B+1 area.
Lawrence's Comment
Recap
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over ...
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Lawrence's Comment
Recap
Not only did Nasdaq rally backup, it gapped thru the open gap established the week before and then sold off to fill that from above. Later in the ...
EURUSD Jun 04 to Jun 08 Outlook
Lawrence’s Comment
Gap up in the beginning of the week. Then consistent selling all the way down to Y-2 as expected. Cannot get any better than that. Once 100% previous week range completed, immediately bounced back to midpoint. Closed the week near midpoint.
Outlook
Bottoming action early next week at B-1 will give euro a double bottom that can zoom back up to B+1 area.
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