Trading Edges That Last
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As Featured In
EURUSD Apr 13 to Apr 17 Outlook
Lawrence’s Comment
Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below Y-1 and near week low.
Outlook
Weekly down trend resumed. Y-1 / B-0 strong resistance. Next stop below will be below 1.04.
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