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EURUSD Dec 08 to Dec 12 Outlook
Lawrence’s Comment
As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week near Y-2 and below midpoint.
Outlook
Euro down trend intact. More down side likely. Rare case scenario that Euro jumps above B+1, a squeeze will take it up to B+3.
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