EURUSD Nov 26 to Nov 30 Outlook

By News Robot

Lawrence’s Comment

Y-0 acted as support since the start of the week and a spike down from Y+1 failed to clear that resulting in a very powerful short squeeze. Y+3 cleared by Friday when trading was very thin due to Thanksgiving holiday. Closed the week near week high above Y+3.

As suspected in past 2 weeks, 1.26 is so critical that it is defended with all out news on deals after deals to delay the inevitable. This week if euro fails to close above B-0, it will be a confirmed FBO and we will get a quick flush back down to B-2 in weeks to follow.


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