EURUSD Sep 30 to Oct 04 Outlook

By News Robot

Lawrence’s Comment

Recap
No surpirse at all – pulled back to Y-0. Found support and then push back up to test Y+1. Did not clear it and stalled. Closed the week near midpoint and above Y-0.

Outlook
Inside week. Tight range week. Strong breakout setup in place. Odds favour the upside first even if it is a false breakout. Can push as high as B+3 right after breakout above Y+1.

Downside move will gather strength if and only if Y-0 is cleared and turning into resistance. That will send Euro back down to Y-1 / B-4 easily.

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