Recap The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did the 200% absolute range expansion and bounced a little since then. Closed the week below Y-3.
Outlook Euro zone is facing its biggest crisis since 2008. News shock was flying everywhere last Friday. Opinions all negative. Thus expecting some kind of sell climax to materialize if the European leaders failed to come up with something to stop the panic.
Sell climax target is current year low, below 1.29.
If any solution or sign of solution shows up, euro can zoom back up to B-0 and even B+1 in no time.
Lawrence's Comment
Recap
Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near ...
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Lawrence's Comment
Recap
ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene ...
Lawrence's Comment
Recap
The easiest play of last week. Found support, zoomed back up to above Y+1 target as mentioned last week. Sharp pullback to almost Y-0 and then popped higher. Closed ...
EURUSD Dec 19 to Dec 23 Outlook
Lawrence’s Comment
The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did the 200% absolute range expansion and bounced a little since then. Closed the week below Y-3.
Outlook
Euro zone is facing its biggest crisis since 2008. News shock was flying everywhere last Friday. Opinions all negative. Thus expecting some kind of sell climax to materialize if the European leaders failed to come up with something to stop the panic.
Sell climax target is current year low, below 1.29.
If any solution or sign of solution shows up, euro can zoom back up to B-0 and even B+1 in no time.
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