EURUSD Aug 26 to Aug 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidated around Y+1 all week. No real direction. Closed the week below Y+1 and above midpoint.

Outlook
As mentioned last week, euro on weekly close basis as long as it cannot clear Y+1, it is likely a daily level swing top is in place. Euro just closed near Y+1 to keep us guessing.

At this point a short term sell setup at 1.34 area will take euro back down to B-2.

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