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EURUSD Jan 30 to Feb 03 Outlook
Lawrence’s Comment
More squeeze on the shorts again as euro zone feeding out more b.s. repeatedly over the week. Yet euro can only tag Y+2 and stalled. Last minute news shock on Friday sent euro to close above Y+2.
Outlook
The rally of euro is built on short squeeze. There is no reliable support to go long from on a pullback until B-1 area is tested.
Classic news driven squeeze can reach 200% target. That means Y+3 should be the cap for the move and tagging that early next week points to a pullback to B-0 likely.
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