Recap Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook Chart pattern is not that bullish. Short squeeze driven price actions over the past 2 weeks simply created temporary run up that has to drop back down to backfill the void zones.
Looking for pullback to B-0 down to B-1 consolidation actions.
Lawrence's Comment
Recap
Rallied above Y+1 right after the holiday weekend. Gapped to Y+2 and force another pop higher to Y+3 before Dow stalled. That 2nd pop is in the backdrop of ...
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EURUSD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook
Chart pattern is not that bullish. Short squeeze driven price actions over the past 2 weeks simply created temporary run up that has to drop back down to backfill the void zones.
Looking for pullback to B-0 down to B-1 consolidation actions.
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