Recap Am correct that euro entered its resistance area from various higher timeframes. The sell off from 1.39 of 200+ pips confirm longer term players are reacting to the price level. Y-0 acted as support and sent euro back up to Y+1 area to close the week.
Outlook Forming a double top at B+1 points to downside target at B-3.
Breaking above B+1 will send euro up to 1.40 quickly. That will take more rumor spreading by the european officials.
Lawrence's Comment
Recap
Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high.
Outlook
Summer ...
Most of the time, when we are looking for a pip calculator, we are not doing that for educational purpose. There is usually a need, a pretty urgent one, to ...
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EURUSD Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Am correct that euro entered its resistance area from various higher timeframes. The sell off from 1.39 of 200+ pips confirm longer term players are reacting to the price level. Y-0 acted as support and sent euro back up to Y+1 area to close the week.
Outlook
Forming a double top at B+1 points to downside target at B-3.
Breaking above B+1 will send euro up to 1.40 quickly. That will take more rumor spreading by the european officials.
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