EURUSD May 05 to May 09 Outlook

Recap
What a week with euro. Upside breakout first only to close the open gap above and collapsed right back below Y+1 and going all the way back down to Y-1. Y-1 breached but rejected immediately signalling another attempt to hold. Instead of struggling at Y-0, euro zoomed back up to above Y+1 again and fighted at the top part of the range for the week since. Closed the week above Y+1 and midpoint.

Outlook
Outside week. Double FBO on 4 hour. Very rare setup. Since euro was able to close above Y+1. I have to say the breakout direction is now to the upside. Looking for another attempt to clear 1.39 and if that works out, 1.40 should not be a problem.