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EURUSD May 09 to May 13 Outlook
Lawrence’s Comment
A dirty top was formed after the breakout attempt late in the week failed and resulted in a 1-2-3 sell sending the pair down to Y-2. Closed the week at the low.
Outlook
More weaknesses is expected. Y-1 to B-0 should act as resistance now to establish the down trend. As long as the resistance zone rejects the pair from going higher, we get B-2.
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