Trading Edges That Last
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EURUSD Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Euro dropped to Y-1 and found support right below. 4 hour bottom from there sent euro back up to near Y+1. Euro paused when it reached 100% absolute range expansion. Closed the week above Y-0 and midpoint.
Outlook
End of week action looks more like stop run than real buying. Until Y+1 is cleared, it is still strong resistance that can send euro back down to Y-0 / B-0 first.
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