Recap Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.
Outlook Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.
Breakout of this inside week will give us a clear direction to trade in the coming month.
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
Exactly as expected - failed to clear Y-0 and flushed to Y-2. Closed the week below Y-1.
Outlook
Still trapped inside the down channel. Second half of the week ...
Lawrence's Comment
Recap
S&P gapped down right from the start of the week as if it was going to break below Y-1. Yet it gapped up right after and tagged Y+1 the ...
EURUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.
Outlook
Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.
Breakout of this inside week will give us a clear direction to trade in the coming month.
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