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
Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Not an exciting week. Just consolidation within Y-0 and Y+1. Closed the week above midpoint and below Y-1.
Outlook
As expected we got a consolidation week. It is also the seasonal ...
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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