EURUSD Mar 28 to Apr 01 Outlook

By News Robot

Lawrence’s Comment

Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from Y+1 late in the week dropped euro to close at low of the week.

Last week whole week is a big 1-3- formation, should B-1 fail to act as support, a drop to B-3 is expected.

A rare scenario may unfold if B-1 is not breached early in the week then a quick rally to B+1 or slightly higher around 1.43 is possible.


  • You must be logged in to comment. Log in