EURUSD Sep 10 to Sep 14 Outlook

Recap
False breakout the week before lsat week is now proven not strong enough to take euro down. Although we got a sell setup early in the week and a push below Y-0 happened. All it took was another news shock (rumors) from euro zone to reverse the trend. The breakout above Y+1 confirms a go for Y+3 and they did it with another news shock by end of the week. Closed the week at week high.

Outlook
The bears are crushed by this almost 2 weeks span of ledge that breakout to the upside. The measured move from the week of Aug 22 has a target to Y+3 and it is now completed.

What happen next depends on how euro plays out in this B+1 down to B-0 region.

If we get wild swings in this area with B-0 failed to act as support by end of the week, we get a bigger false breakout setup with downside target of B-2.

As long as B-0 acting as support, the uptrend is intact.