EURUSD Sep 29 to Oct 03 Outlook

Recap
Euro bounced higher from Y-1 but failed to clear Y-0 the strong resistance zone. That opened the door to a flush down to Y-3. Euro reacted to the 1.27 round number but it was capped by Y-2. Closed the week below Y-2 and at week low.

Outlook
As mentioned last week, euro was hanging on a thread and a flush is likely unless it could clear Y-0. Well, that did not happen. Euro has not shown us clear signs of exhaustion to the down side yet but a short term swing low is due.

Euro being able to hold 1.26 early in the week will give us a run back up to at least B-0 and likely Y-1.