EURUSD Nov 24 to Nov 28 Outlook

By News Robot

Lawrence’s Comment

There is a data problem with the chart. The high made in the beginning of the week was just a little above Y+1. It was a FBO against Y+1 which immediately sent euro back down to the support trend line from past 2 weeks. 2nd attempt to clear Y+1 was stopped right at 1.26 round number level. This resulted in a strong bear flag break down sending euro below Y-1. Closed the week below Y-1 and near week low.

November low will be challenged. Breaking that points to the all important 1.20 will be in play.


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