Recap As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week near Y-2 and below midpoint.
Outlook Euro down trend intact. More down side likely. Rare case scenario that Euro jumps above B+1, a squeeze will take it up to B+3.
Lawrence's Comment
Recap
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 ...
Lawrence's Comment
Recap
Simply stuck since open of the week. Late rally in end of week tried to push itself above the weekly close prior to the crisis week and failed.
Outlook
If ...
Lawrence's Comment
Recap
As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below ...
EURUSD Dec 08 to Dec 12 Outlook
Lawrence’s Comment
As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week near Y-2 and below midpoint.
Outlook
Euro down trend intact. More down side likely. Rare case scenario that Euro jumps above B+1, a squeeze will take it up to B+3.
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