EURUSD Mar 21 to Mar 25 Outlook

By News Robot

Lawrence’s Comment

Recap
Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint.

Outlook
Euro finally entered its longer term reisstance zone and price actions here will be messy as shorter term players scrambling to cover their shorts while long term capital outflow accelerate. Test of B-0 likely and B-0 turning into resistance will give us B-1 and below.

Share

  • You must be logged in to comment. Log in