EURUSD May 06 to May 10 Outlook

Recap
Reaction at Y+1 gave us the setup for a 1-2-3 long breakout upside setup. Normal breakout target of Y+3 was reached. euro pullback to Y+2 but failed to hold there. Euro flushed back down to Y-0 below it can find support. Closed the week below midpoint and above Y+1.

Outlook
Upside breakout closing above Y+1 points to strength. Euro can easily move back up to retest B+1 this week. A break of B-1 will give us B-2.