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EURUSD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low.
Outlook
Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce back to B-0 if Euro stages a FBO against B-1 early in the week.
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