EURUSD Jul 09 to Jul 13 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.

Outlook
As long as Y-1 acts as resistance, Y-3 down to B-2 in play.

If early next week euro flushes below B-1 but snaps back up quickly above that, a drift towards B-0 is expected.

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