EUR Daily and 3-day patternEURO has followed the 2-day counter-trend move up into Tuesday's highs.
With price trading below the Weekly and Monthly 50% levels traders begin to look for any sign of a 3rd day sell down.
That would be a break of support and a continuation down into Wednesday's lows, preferrably breaking them :- lower Daily close.
Whilst price is below the Spiral filter, then at this stage the bias is to look for a contination downward.
As per Trading Rules:- using the spiral filter take out the first lot around 41 pips and then hold looking for a continuation downward hopefully breaking support on Wednesday.
