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Jun
02

EURUSD Jun 04 to Jun 08 Outlook

By News Robot on 2012 Jun 2 Sat 7:05:37
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Lawrence’s Comment

Recap
Gap up in the beginning of the week. Then consistent selling all the way down to Y-2 as expected. Cannot get any better than that. Once 100% previous week range completed, immediately bounced back to midpoint. Closed the week near midpoint.

Outlook
Bottoming action early next week at B-1 will give euro a double bottom that can zoom back up to B+1 area.

Categories : Daily Commentary
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