EURUSD Mar 10 to Mar 14 Outlook

By News Robot

Lawrence’s Comment

Recap
My comments for euro last week did not show up properly. What I was looking for was normal breakout follow through since last week was outside week with close above the range of the week before.

Anyway, strong pullback to Y-0 first holding the zone. Then the usual stupidity from ECB and EU led to an all out squeeze up again to tag Y+1. Euro could not stop until hitting Y+2. Closed the week above Y+1 and midpoint.

Outlook
This 2nd squeeze up created a void that has to be filled. As long as B+1 is acting as resistance, euro will have to backfill the zone down to B-0 and slightly below.

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