EURUSD Apr 02 to Apr 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.

Outlook
Critical week.

If euro can stay above Y+1 by end of week, the weekly breakout will be confirmed and that opens the door to higher price levels.

If euro failed to stay above Y+1 by end of week, it will turn into a false breakout on weekly level implying quick drop back down to B-3.

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