EURUSD Jan 23 to Jan 27 Outlook

By News Robot

Lawrence’s Comment

Warned about intervention since beginning of the year. Here we go again – some did all they can to support the low grade bonds, spreading rumors of solutions in near future.

Short squeeze all the way ended below Y+2 and closed above Y+1.

An artificial low was made last week. Such low cannot last unless there is a second boost to the squeeze, giving reasons for some to join the long side.

A pullback to B-0 downto Y-0 will provide the opportunity. euro will have to prove itself by holding this support level and rally from there to break the down trend.


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