EURUSD Oct 22 to Oct 26 Outlook

Recap
Once the Y+1 breakout happened, we can already tell Y+2 was the target because that is the upper boundary of the tight range defined over past few weeks. Once Y+2 was tagged, euro was weakened. Closed the week near Y+1 and at midpoint.

Outlook
Until B-0 holds, and breakout above B+1, it is not an uptrend.

The way euro pullback to Y+1 is promising for the long side but it is also potentially a FBO against the upper boundary.

If Euro do a lower higher sell setup breaking B-0, expect all out selloff back down to B-2, the other end of the sideway range so far.