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.
Lawrence's Comment
Recap
Stronger than expected bounce led to tagging Y-0. But that was all we got. Closed the week near midpoint.
Outlook
Coiled up formation means breakout in the making. Focus ...
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Lawrence's Comment
Recap
My bullish view is proven correct. Y+1 was tested mid week and eventually taken out by end of the week. Closed the week above Y+1.
Outlook
Weekly and monthly ...
Lawrence's Comment
Recap
Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 ...
EURUSD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
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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