EURUSD Sep 01 to Sep 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low.

Outlook
More down side expected. Consolidation week after range expansion week ended up closing at the low is bearish.

Potential short term bottom between Y-3 to B-2 could be formed if euro flushes down there quickly and snap back up. A bottom in that zone points to B+1 and above likely.

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