Recap ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook 1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Rejected the gap below early in the week, with a news shock breakout to the upside above Monday high, gave us a rally to Y+1 and the ...
EURUSD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook
1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
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