EURUSD Jun 24 to Jun 28 Outlook

By News Robot

Lawrence’s Comment

Recap
The thin up channel broken to the downside from a FBO against Y+1. Almost tagged Y-2 target mentioned last week. Easiest play of the week. Closed the week near week low and below Y-1.

Outlook
The excessive push to the up side is now corrected. There is not much reason to go much lower even though more down side is likely this week.

Expect messy price action where Y-1 is solid resistance with Y-3 / B-2 acting as strong support.

Directionless until the politicians speak again. I don’t like that but it is part of the job hazard now.

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