EURUSD Jun 16 to Jun 20 Outlook

Recap
Bearish bias on euro pays off. Euro could not hold previous week close and fell back down to Y-0. Not much bounce was observed when euro continue to drop until equal distance from Y-0 was reached. Closed the week below Y-0 and midpoint.

Outlook
Inside week and weak close points to a test of Y-1 is in order.

Spike bottom against Y-1 will force a run back up to B-0 again.

Y-1 / B-1 turning into resistance means a drop to 1.34 and below is likely.