EURUSD Dec 16 to Dec 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint.

Outlook
As mentioned last week, Euro somehow loves to rally into their bond promotions and then collapse right after. If Euro breaks B-1 / Y-1 and that turns into resistance, we will get a swing top good for months to come.

Holiday mode trading means euro can lock itself into a tight range between B-2 to B-0 over the coming 2 to 3 weeks.

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