EURUSD May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment

Recap
Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint.

Outlook
Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, a retest of B+1 is likely with B+2 in the card. Y+1 resistance can send Euro back down to B-1.

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