EURUSD Sep 16 to Sep 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 did not act as resistance. Euro simply zoomed thru it and that it turns into support. That gave us Y+2 and above as target. Euro zoomed higher above Y+2 but then having trouble to push higher. Closed the week above Y+2 and near week high.

Outlook
B+1 will be breached. The big question is whether that turns into FBO or not.

FBO against B+1 early in the week will give us a steep pullback down to Y+1 and likely lower.

All these buying yet leading to spikey 4 hours consolidation points to uncertainty. Potential whiplash at B-0 and B+1 where the first breakout of the range could be the wrong side.

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