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
As expected the exhaustion run led to a strong pullback. Y-0 did not act as support and led to all out sell off back down to Y-1. Y-1 was ...
Lawrence's Comment
Recap
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.
Outlook
Inside week. ...
Lawrence's Comment
Recap
Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged ...
Lawrence's Comment
Recap
Euro could not hold up and retested Y-1. Then well timed news shock were released to punish the sellers. FBO against Y-1 that cleared Y-0 in 1 go gave ...
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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