EURUSD Jul 18 to Jul 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Sold off to Y-3. Bounced back up to Y-1 which acted as resistance. Ended the week below Y-1 and above midpoint.

Outlook
Unlike cable, euro sold off so hard that it could not rally above Y-1 last week. That mean even if euro rally this week into B+2, it is not likely it can take out Y+1. If Y-1 to B+1 acts as resistance, a retest of B-1 is in play.

Share

  • You must be logged in to comment. Log in