EURUSD Aug 06 to Aug 10 Outlook

Recap
As mentioned last week, Y-0 would be the important support for euro to go higher. Throughout the week, Y-0 acted as support and euro zoomed higher after the empty promises were made by the officials. Then news shocks that took euro lower and breached Y-0 temporarily failed to keep euro below Y-0. Closed the week near week high and Y+1.

Outlook
Summer Games is not over yet. Light trading in all markets continue. Thus quick swings with no follow-thru is expected.

Euro can go a bit higher in consolidation mode around B+1.