EURUSD Dec 07 to Dec 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Mario Draghi nuked the Euro melt down move and sparked a stop run of almost 500 pips. Closed near Y+4 and above midpoint.

Outlook
Seasonal effect on Euro is strong and lots of trapped shorts will be eager to cover at B-0 and slightly below, the reduced liquidity during the holiday season means more up drift is likely.

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