EURUSD Oct 06 to Oct 10 Outlook

Recap
Y-2 / 1.26 indeed stopped the drop and staged a bounce. Yet it failed to clear Y-1 resulting in another flush lower to near Y-3. Closed the week below Y-2 and near week low.

Outlook
Euro has expanded its weekly level flush to near 1.25 where it is now over extended by time, finally. With such strong momentum to the down side, it is expected to be difficult to bounce back up.

If euro can successfully stage an earlier we reversal from slightly below B-1 to above B-0 in 1 go, we have a counter-trend play with target above B+2.