EURUSD Mar 30 to Apr 03 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, trapped long from before making Euro not able to clear Y+1 and was forced back down to Y-0 for a retest. Consolidation action at 50% previous week range. Closed above Y-0 and near midpoint.

Outlook
Consolidation with weak close implies more test of support is likely. Euro has to hold B-1 before it get a chance to push higher.

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