FOREX EUR/USD 13th June 2008

EUR Daily and 3-day pattern


Expectation of a continuation down into Thursday's lows.


With the EURO trading below June's 50% level, the trend bias is to continue downwards, but expect daily counter-trend moves upwards from lower daily opens the next day.


At this stage Friday looks range bound between both blue channels, unless some data comes out which often spikes the spread against the USD on Friday's.

No probability trade on Friday.