EURUSD Jan 30 to Feb 03 Outlook
More squeeze on the shorts again as euro zone feeding out more b.s. repeatedly over the week. Yet euro can only tag Y+2 and stalled. Last minute news shock on Friday sent euro to close above Y+2.
The rally of euro is built on short squeeze. There is no reliable support to go long from on a pullback until B-1 area is tested.
Classic news driven squeeze can reach 200% target. That means Y+3 should be the cap for the move and tagging that early next week points to a pullback to B-0 likely.