Trading Edges That Last
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EURUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed back up. Closed the week above Y-0 and midpoint.
Outlook
The bottom forming was a complex one but it is still a temporary bottom. As long as Y-1 / B-0 acting as support euro has a chance to challenge B+2 / 1.35 swing resistance.
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