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EURUSD May 19 to May 23 Outlook
Lawrence’s Comment
More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook
Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as “prescribed” by Merkel was 1.32 to 1.36. A test of 1.36 is likely.
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