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As Featured In
EURUSD Jul 20 to Jul 24 Outlook
Lawrence’s Comment
As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop euro for several hours. Closed the week below Y-1 and near week low.
Outlook
The long term important support at 1.10 is now officially breached. Until it acts as support again, the down trend will be in full force.
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