EURUSD May 09 to May 13 Outlook

By News Robot

Lawrence’s Comment

A dirty top was formed after the breakout attempt late in the week failed and resulted in a 1-2-3 sell sending the pair down to Y-2. Closed the week at the low.

More weaknesses is expected. Y-1 to B-0 should act as resistance now to establish the down trend. As long as the resistance zone rejects the pair from going higher, we get B-2.


  • You must be logged in to comment. Log in