EURUSD Jan 20 to Jan 24 Outlook

By News Robot

Lawrence’s Comment

Recap
Euro found resistance exactly at where I expected. Easiest play last week. Sold off since Y+1 was rejected and continue to weaken. Closed the week below Y-1 and near week low.

Outlook
They keep trying to avoid it but the selling still happened. A drop to Y-2 is likely. The big question is whether it will trigger a massive drop to 1.34 or lower.

Long side has to wait til B-0 acting as support.

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