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EURUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
As expected euro went a bit higher above Y+1 and then consolidated near Y+1 most of the week until more news fed out from European officials again. And then the expansion stopped right at Y-0 and bounced off. Closed the week above Y-0.
Outlook
B-1 must act as support or we get B-2 and B-3 quickly.
Not much upside for Euro as there are evidence that higher timeframes (weekly and up) resistance are pressing it down.
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