EURUSD Jul 29 to Aug 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint.

Outlook
Thin rising wedge / up channel in place. It is not, however, a bullish pattern. If Euro failed to stay above Y+1 / B-0 and that turns into resistance, I am looking for a quick flush back down to B-3.

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