EURUSD Oct 29 to Nov 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 did not hold, drifted back down to Y-1. Closed the week above Y-1 and below midpoint.

Outlook
Not a significant sell off. Just drifted lower. No real sense of direction yet.

A push above B-0 will send euro back up to Y+1.

I am more interested in a bounce to Y-0 that fails to go higher. It will be a great short setup with control risk and significant downside potential.

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