EURUSD Jun 01 to Jun 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near week high.

Outlook
Consolidation at 50% range below Y-1 is bearish. B+1 / Y-1 to B+2 is very strong resistance. As long as Euro cannot clear the zone, more downside is likely.

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