EURUSD Oct 24 to Oct 28 Outlook

By News Robot

Lawrence’s Comment

Recap
Am correct that euro entered its resistance area from various higher timeframes. The sell off from 1.39 of 200+ pips confirm longer term players are reacting to the price level. Y-0 acted as support and sent euro back up to Y+1 area to close the week.

Outlook
Forming a double top at B+1 points to downside target at B-3.

Breaking above B+1 will send euro up to 1.40 quickly. That will take more rumor spreading by the european officials.

Share

  • You must be logged in to comment. Log in