EUR daily and 3-day patternAs per Weekly report, expectation price is coming down to test the monthly 50% level in July, and then see whether it continues higher, or actually breaks.
This is going to be confirmed with Tuesday's lows and 5-day 50% level.
I have an each way bet on whether Tuesday's lows hold or not because of the 'step' formation of the monthly 50% level (read Weekly Report).
A bullish pattern will find support off Tuesday's lows and continue higher.
A beaish pattern will break the 3-day lows and close below them, with the expectation that Wednesday will then continue down.
Trade on the side of Tuesday's lows.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
