EURUSD May 20 to May 24 Outlook

By News Robot

Lawrence’s Comment

Recap
Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.

Outlook
Slow structured drop is not the norm in currencies. And we got just that across many majors. It is not a good sign because it means chaos ahead.

Euro holding B-1 and clear B-0 quickly will give us a run back up to B+2.

Failing to clear B-0 will give us another leg down. B-2 is the next downside target.

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