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.
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Lawrence's Comment
Recap
Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target ...
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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