Recap Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 materialized at the end of the week. Closed the week below Y-0 and near week low.
Outlook Weekly / monthly struggle here with B-2 very strong support. Consolidation play until Brexit is over.
Lawrence's Comment
Recap
As expected, intervention or not, euro sold off from our resistance area down to below our target zone. Then range expansion to the downside until Y-4 is tagged. ...
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
USDCAD Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 materialized at the end of the week. Closed the week below Y-0 and near week low.
Outlook
Weekly / monthly struggle here with B-2 very strong support. Consolidation play until Brexit is over.
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