GD_futures

EURUSD Weekly Outlook 6/4/22

FX:EURUSD   Euro / U.S. Dollar
HTF:
EU has bounced off some yearly demand and is heading for at least the yellow supply above. My guess is that long term we will see a push higher, but at this point, we can only mark the yellow supply above and see what happens. All longs will have this as target.

MTF:
Price has yet to reach yellow supply above, but is reacting off a small scale supply right now, heading at least for the small scale demand below, very low LTF. Hard to tell how far price will drop before shooting for the supply, in blue are some ideas. While price makes a decision, a very very low scale short could be in order.

LTF:
will wait for price to get back up where alert is for any small scale shorts. Otherwise, not looking long until MTF Low is broken. We shall see.

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