Recap Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint.
Outlook Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will tell us what to do. Be patient and wait for it.
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
Easy play of the week. Held support, run to target mentioned last week and stalled. Closed the week below Y+1 and above midpoint.
Outlook
B-0 acting as support we ...
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 22 to Jun 26 Outlook
Lawrence’s Comment
Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint.
Outlook
Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will tell us what to do. Be patient and wait for it.
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