Recap Sideway drift continues with Y-0 acted as support in the beginning of the week which gave us a run to Y+1. Y+1 rejected gave us a move back down to Y-0. Y-0 was rejected again leading to Y+1 retest. Closed the week near Y+1 and week high.
Outlook Euro in slow up drift channel. A push to B+2 is in the card but not much higher. Should Euro fail to hold above B-0, the up channel will be broken giving us Y-1 as the target.
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
Cable trapped within previous week range all week. Not even FOMC announcement can push it out of the range. Closed the week above Y-0 and midpoint.
Outlook
Hourly inverse ...
EURUSD Jun 30 to Jul 04 Outlook
Lawrence’s Comment
Sideway drift continues with Y-0 acted as support in the beginning of the week which gave us a run to Y+1. Y+1 rejected gave us a move back down to Y-0. Y-0 was rejected again leading to Y+1 retest. Closed the week near Y+1 and week high.
Outlook
Euro in slow up drift channel. A push to B+2 is in the card but not much higher. Should Euro fail to hold above B-0, the up channel will be broken giving us Y-1 as the target.
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