Trading Edges That Last
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EURUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
Euro did the whiplash move after FBO against the resistance zone mentioned last time. Euro dropped quickly but 1.34 round number somehow provided support. Euro drifted back up since. Closed the week above Y+1 and midpoint.
Outlook
Euro closed within the breakout range points to indecision. The resistance was rejected decisively. Euro should not be able to climb back up to the same zone so easily.
Hands off on this pair until I get a better picture this week.
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