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EURUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points to Y-2 and Y-3.
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