EURUSD Jul 15 to Jul 19 Outlook

Recap
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered and induced a squeeze up to the official allowed range top at 1.32. Euro pulled back since. Closed the week above Y-0 and midpoint.

Outlook
What ECB says obviously depends on the price level of euro at the time of the announcement or speech. It is very clear from the past few talks from their officials that they like to keep euro stable.

As a trader, I will avoid euro except when it is trading at the 1.32 and 1.28 boundaries. I mentioned this in my newsletter that this is the play until some crisis resurface again. It works out very well so far.