Recap Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
Lawrence's Comment
Recap
Consolidated around Y+1 at 50% range. Standard response after a quick run up. Closed the week above Y+1 and midpoint.
Outlook
That at par zone has been a trouble ...
EURUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook
Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
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