EURUSD May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment

Y-1 tagged early in the week as expected. The sharp reversal scenario happened to Cable instead of Euro. Nonetheless, Euro closed at the high of the week tagging Y+1.

Less bullish comparing to Cable, euro will have to prove itself first by breaking above Y+1 to break its downtrend.

A pullback to B-0 is likely and it will be wait and see scenario there.


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