EURUSD Jul 21 to Jul 25 Outlook

By News Robot

Lawrence’s Comment

Recap
Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.

Outlook
1.35 has been long term support for a long time. If it is breached, a drop to 1.33 quickly is expected. The fight will be messy here (i.e. wild swings expected) as many short term traders already turned bullish after the minute drop so far.

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