Recap ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook 1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
Lawrence's Comment
Recap
Continued with the march to above 82. Y+2 tagged with mild pullback. Closed the week below Y+2 and above midpoint.
Outlook
Next upside target is 86. Ninja is at a ...
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
What a week with euro. Upside breakout first only to close the open gap above and collapsed right back below Y+1 and going all the way back down to ...
EURUSD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook
1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
Share