Recap Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start for everyone on the correct side of the market. Closed the week below Y-4 and at week low.
Outlook This year, New Year week has only 1 trading day. That makes it difficult to produce projection for January. Based on weekly pattern only, we have a parabolic run pointing to B-2. Once that is taken care of a decent bounce should be next.
Lawrence's Comment
Recap
Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. Closed ...
EURUSD Jan 05 to Jan 09 Outlook
Lawrence’s Comment
Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start for everyone on the correct side of the market. Closed the week below Y-4 and at week low.
Outlook
This year, New Year week has only 1 trading day. That makes it difficult to produce projection for January. Based on weekly pattern only, we have a parabolic run pointing to B-2. Once that is taken care of a decent bounce should be next.
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