Recap Tagged Y-2 as expected. Then came the empty promises from various officials in Europe. Short squeeze all the way. Closed the week near week high.
Outlook Same old empty promises strike again. Popped euro higher and other risk assets as well. We all know it will not last.
For now, however, just play along. As long as B-0 acting as support, Euro can go higher.
Lawrence's Comment
Recap
Failed to trade above the resistance I mentioned last week. Messy price action around Y-1 since. Capped within 50% previous week range. Closed the week below midpoint and above ...
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EURUSD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Tagged Y-2 as expected. Then came the empty promises from various officials in Europe. Short squeeze all the way. Closed the week near week high.
Outlook
Same old empty promises strike again. Popped euro higher and other risk assets as well. We all know it will not last.
For now, however, just play along. As long as B-0 acting as support, Euro can go higher.
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