EURUSD Apr 06 to Apr 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Euro dropped to Y-1 and found support right below. 4 hour bottom from there sent euro back up to near Y+1. Euro paused when it reached 100% absolute range expansion. Closed the week above Y-0 and midpoint.

Outlook
End of week action looks more like stop run than real buying. Until Y+1 is cleared, it is still strong resistance that can send euro back down to Y-0 / B-0 first.

Share

  • You must be logged in to comment. Log in