EURUSD Jun 23 to Jun 27 Outlook

Recap
Y-1 support zone spike test gave us a run back to Y-0. Instead of a clean test, we got a stair step / bear flag like action testing Y-0 which resulted in a breakout / stop run back up to the price level that started the breakdown. Closed the week back down near Y-0 and above midpoint.

Outlook
A potential adam and eve bottom in the making but it is not going to be confirmed until after Y+1 is cleared. If Y+1 is cleared, a run to Y+3 is in order.

Before that happens, Euro is still in daily / weekly down trend thus a slow sideway push back up to Y+1 is not bullish. It is just summer drift until next market moving event kicks start another move.