Recap Intervention at its finest – by rumors. No one even dare to touch euro in 2nd half of the week allowing it to drift higher all the way. Closed the week at Y+1.
Outlook No outlook. Cannot predict how people will react to uncertainty. In this case, if volatility increases, then B+2 and B-2 are both in the radar.
I will not touch this pair until after I get the first 2 swings next week. From there the outlook should be more readable.
Lawrence's Comment
Recap
Consolidation actions between Y-0 and Y+1. Ledge breakout upside gave us 100% of tight range. Closed the week above Y+1 and midpoint.
Outlook
Rising wedge with support at B-0. ...
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 18 to Jun 22 Outlook
Lawrence’s Comment
Intervention at its finest – by rumors. No one even dare to touch euro in 2nd half of the week allowing it to drift higher all the way. Closed the week at Y+1.
Outlook
No outlook. Cannot predict how people will react to uncertainty. In this case, if volatility increases, then B+2 and B-2 are both in the radar.
I will not touch this pair until after I get the first 2 swings next week. From there the outlook should be more readable.
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