EURUSD Apr 09 to Apr 13 Outlook

By News Robot

Lawrence’s Comment

Recap
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.

Outlook
If Y-3 is tagged early in the week and euro dollar bounces off from there, B-0 will be the magnet to run up to and should act as resistance.

If euro just drifted up a little early in the week, then a more significant decline is expected later in the week.

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