EURUSD Sep 26 to Sep 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Fed failed to stop euro from further collapse even though throughout last week rumors was spread again and again everyday to pop it higher. Closed the week at Y-1.

Outlook
1.34 is not the target low for last week. The more acceptable level is 1.33 (Y-2) down to 1.32 (Y-3) area for euro to settle down a bit.

If that area is proven to be support, euro can easily bounce back up to 1.36 (B-0).

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