Recap Consolidation play all week around Y+1. Upside momentum carried Euro higher in an up channel. Closed the week near Y+1 and midpoint.
Outlook B+1 / B+2 strong resistance zone off the weekly chart. Breaking below B-0 / Y+1 points to retest of Y-0 and below the crime scene of short squeeze.
Lawrence's Comment
Recap
Intervention at its finest - by rumors. No one even dare to touch euro in 2nd half of the week allowing it to drift higher all the ...
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EURUSD Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Consolidation play all week around Y+1. Upside momentum carried Euro higher in an up channel. Closed the week near Y+1 and midpoint.
Outlook
B+1 / B+2 strong resistance zone off the weekly chart. Breaking below B-0 / Y+1 points to retest of Y-0 and below the crime scene of short squeeze.
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