EURUSD Jul 14 to Jul 18 Outlook

By News Robot

Lawrence’s Comment

Recap
Breached Y-1 in the beginning of the week but did not stay below. Bounced to Y-0 and stopped there as usual. Sold back down to Y-1. Closed the week below Y-0 and midpoint.

Outlook
Confirmed weaknesses in place but no confirmation of down trend on daily. Frustrating? Yes. But one has to understand that it is normal for summer with market movement like this.

More downside is expected. Breaking of B-1 forcefully will give us B-2 and B-3 eventually.

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