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EURUSD Jun 20 to Jun 24 Outlook

By News Robot on 2011 Jun 18 Sat 7:05

Lawrence’s Comment

Recap
Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not bearish enough to zoom down to Y-3. Closed the week at around Y-1.

Outlook
1.45 resistance will stop any further rally attempt.

As long as B-0 to Y-1 acts as resistance, B-1 will be retested and Y-3 is the next downside target.

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