EURUSD Jan 28 to Feb 01 Outlook

Recap
No weaknesses at all. Just consolidate around Y-0 and held Y-1 support without even touching it. That was the sign of strength. Rally and breakout above Y+1 late in the week. Closed the week above Y+1 and near week high.

Outlook
Potentially the start of 2nd leg zoom up to above 1.36 area.

The interesting thing is that my long term swing model Festina Lente never give up on this long as the longer term moving averages never lined up for the downside, meaning that you just cannot gather enough players to feel bearish enough to either reduce their longs or jumping in to the short side.