EURUSD Sep 02 to Sep 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.

Outlook
A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.

Euro can drop quite a bit lower from here as there is no real support until 1.30.

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