Recap ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook 1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
Lawrence's Comment
Recap
Bullish scenario unfolded as expected. NQ held Y-0, tested Y+1, pullback to Y-0 and took off. Got Y+2 upside target with no heat taken. Closed the week above Y+2 ...
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EURUSD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint.
Outlook
1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is likely.
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