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
Y-0 acted as support since the start of the week and a spike down from Y+1 failed to clear that resulting in a very powerful short squeeze. Y+3 ...
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
Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below Y-0 and ...
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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