EURUSD Feb 21 to Feb 25 Outlook

By News Robot

Lawrence’s Comment

Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% absolute expansion, we already know Y-0 was in play. Y-0 tagged by end of the week.

B-0 acts as support and taking out B+1 decisively, major rally will start with 1st target B+3.
A weak selloff to B-1 will not produce significantly downside move as weekly range is contracting. Closing at Y-0 also means some kind of equalibrium is reached.


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