Trading Edges That Last
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EURUSD Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Expectation of euro going lower paid off. FOMC announcement failed to swing euro above Y+1 and gave us the Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
As long as B-0 acting as resistance, euro should consolidate with downside bias towards B-2.
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