Trading Edges That Last
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EURUSD Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint.
Outlook
Breaking below B-1 decisively implies a drop to B-3 likely.
Euro must hold B-1 and clear B-0 quickly to maintain its bullish uptrend.
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