EURUSD Mar 31 to Apr 04 Outlook

Recap
Easy play of the week. Spiked against Y-0 and failed to hold above gave us Y-1 target. Tagged Y-1 and reversed sharply yet could not clear Y-0. Gave us another chance at Y-1. Y-1 was breached. Closed the week near Y-1 and below midpoint.

Outlook
The intraday volatility earlier in the week was not something easy to handle for inexperienced traders.

If euro is really going to collapse from this zone in higher timeframes, European officials will do everything they can to spike it higher even though they love to see a lower euro behind their closets. As long as B-0 to B+1 acting as resistance in higher timeframes, euro will likely move lower.