EURUSD Jan 26 to Jan 30 Outlook

By News Robot

Lawrence’s Comment

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.

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