EURUSD Sep 15 to Sep 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation around Y-1. In waiting mode for ECB’s actions this coming week. Closed the week above Y-1 and midpoint.

Outlook
All week bear flag near Y-1 is bearish. Consolidation can continue with up drift potential back up to B+2 but it will likely cap the upside. Bear flag support broken will lead to a drop to B-2 and below.

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