EURUSD Sep 05 to Sep 09 Outlook

Recap
False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. Closed the week at the low.

Outlook
As long as the pair stays below Y-2, the downside breakout is intact and points to Y-4 to Y-5 as target.