Trading Edges That Last
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As Featured In
EURUSD Mar 14 to Mar 18 Outlook
Lawrence’s Comment
ECB decision swinged euro both ways. Y-1 defended and immediately shot up to Y+2. Closed the week near Y+2 and above midpoint.
Outlook
Shorts are trapped which can in turn squeeze euro higher to Y+3 / B+2 zone. However, this will not last as longer term outflow of capital will accelerate at higher price level.
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