EURUSD May 02 to May 06 Outlook

By News Robot

Lawrence’s Comment

As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there.

As long as B-0 acts as support, B+1 will be retested. In order for this pair to change its trend, we need to get a weekly confirmed selloff which close below the prior week midpoint. That means, for this week, unless we see euro closing below Y+1 to B-0, the rally is likely going to continue.


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