Recap Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low.
Outlook As the decision on Greece is not over, euro can easily bounce back up to B-0 / Y-0 to wait for the outcome. A decisive break below B-1 will drop it down to B-2 and B-3.
Lawrence's Comment
Recap
Failed right at the resistance zone mentioned last week and collapsed down to Y-2 target. Bounced from there and tested week mid. Failed to go above week mid and ...
EURUSD Jun 29 to Jul 03 Outlook
Lawrence’s Comment
Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low.
Outlook
As the decision on Greece is not over, euro can easily bounce back up to B-0 / Y-0 to wait for the outcome. A decisive break below B-1 will drop it down to B-2 and B-3.
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