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.
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
Y-1 breached at the start of the week and never get the chance to turn into resistance. Just like Dow, that provided enough fuel to boost ES ...
Lawrence's Comment
Recap
As expected drop down to B-1 area. 100% absolute range expansion completed. Closed the week near midpoint.
Outlook
The spike low against Y-1 means support is found at that level. ...
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
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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