Recap Rumors / news shocks flying high with inverse head and shoulder formed against Y-1. Upside breakout immediately get us Y+3 target. Closed the week above Y+2 and at weak high.
Outlook More upside expected. Short squeeze style in line with the last few ones over the years. May take several weeks to finish the process.
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
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
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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 was not touched and we get the rally we expected. Better yet, it is exactly 200% absolute range expansion. What more can we ask for?
Outlook
200% absolute ...
EURUSD Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Rumors / news shocks flying high with inverse head and shoulder formed against Y-1. Upside breakout immediately get us Y+3 target. Closed the week above Y+2 and at weak high.
Outlook
More upside expected. Short squeeze style in line with the last few ones over the years. May take several weeks to finish the process.
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