Topic: Here’s the market outlook for this wee EUR/USD
EURUSDDominant bias: Bearish
Price moved sideways between Monday and Wednesday, but then began dropping as expected. The support line at 1.0400 was tested and, although price closed above, will be tested again. The outlook is bearish for this week so a break of the support lines at 1.0400, 1.0350 and 1.0300 is possible - reinforcing the likelihood of EUR reaching parity with USD.