EURUSD Mar 17 to Mar 21 Outlook

Recap
As expected we got a consolidation but Y-0 was never touched. this indicated a lot more trapped shorts were still refusing to give up. That led to the 3rd stop run in 2nd half of the week. Closed the week near Y+1 and above midpoint.

Outlook
A clear pocket is now in place visible on 4 hour. This pocket will be filled quickly if euro fails to push above B+1. Very similar to what happened last time back in 2013 where majority of the short positions had to be destroyed first before euro can go lower.

Daily setup of a break below B-2 with B-1 turning into resistance will provide the necessary fuel to go much lower.