EURUSD Apr 23 to Apr 27 Outlook

Recap
As stated last week that government intervention is likely and during the week in real-time chat mentioned that 1.30 is the likely spot. We witnessed a classic dirty reversal from 1.30 that gave us the target Y+1 right off the start. Closed the week tagging Y+1 near week high.

Outlook
1.31 is now near term support zone as shorts are trapped from that area. 1.33 (Y+2) is the next upside target once B+1 is cleared.

Government intevention is predictable sometimes, like what I did with euro and yen. What is not predictable is how long such intervention can last, so the long side bias we have this week is in place but it can fail quickly when the effect from the squeeze is gone.