Trading Edges That Last
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EURUSD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
Y-0 cleared from below, gave us reason to go long and Y+1 was cleared with minimal effort. Y+2 normal target reached. Closed the week below Y+2 and above midpoint.
Outlook
Strange rally as usual caused by actions from ECB and EU. The 3 pushes down pattern on daily already gave us a hint that this can happen.
Euro back to long term resistance 1.390 to 1.400. Will be difficult to tell if it is going to hold euro down this time.
Short term resistance at B+1 will give us a pullback to Y+1 / B-0 area.
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