EURUSD Mar 21 to Mar 25 Outlook
Drifting around Y-0 as predicted last week. Once the G7 intervention started, breakout above Y+1 and tagged Y+2 tagged. Close at the high of the week.
If pullback to B-0 and that it acts as support, B+1 will be retested. What is not clear is whether B+1 will turn into resistance or not on this retest.
2 interesting but rare setups – first, no pullback and break above B+1 and expand to B+2 quickly, that stage a melt up run to much higher level. Second, quick break down below B-1, creating a w. upthrust on weekly will confirm a change of trend to the downside.