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EURUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Euro drifted higher to test normal Y+2 upside target and failed to clear it. Brexit brings it down below Y-1 and gave us the breakout target of Y-3. Closed the week above Y-1 and near midpoint.
Outlook
Nothing happened, seriously. Euro simply swinged back to the same 1.12 zone before this week. This confirms 1.14 very strong resistance with momentum pointing to a lot more downside. B-0 / Y-0 resistance until proven otherwise.
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