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EURUSD Jun 02 to Jun 06 Outlook
Lawrence’s Comment
Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint.
Outlook
As long as B-1 holds, Euro has a good chance for a significant bounce back up to B+2 and B+3. It is necessary to relieve the multiple week sell pressure.
Should B-1 fail to hold, volatility will expand to the down side with potential target of 1.33 and below.
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