EURUSD Aug 17 to Aug 21 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the squeeze. Closed the week above Y+2 and midpoint.

Outlook
Short squeeze is not a stable setup. A test of B-0 down to Y+1 likely.

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