EURUSD Jun 02 to Jun 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint.

Outlook
As long as B-1 holds, Euro has a good chance for a significant bounce back up to B+2 and B+3. It is necessary to relieve the multiple week sell pressure.

Should B-1 fail to hold, volatility will expand to the down side with potential target of 1.33 and below.

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