This would hopefully be confirmed with a break of support on Thursday"
Yesterday's Report
EURO Daily and 3-day pattern
Euro reverse down into the 5-day 50% level completing the 95 pip reversal from yesterday's highs.
There are two plays on Friday based on the price pattern :-
A:- price is reversing down from the June 50% level and back into the 5-day 50% level, if the Euro us going to swing higher most likely level would be from Friday's lows, and back towards the highs....
B:- If price is following the June 50% level reversal, then price action as shown...
Rejection pattern and break of Friday's lows, and continuing lower next Week...
It's an each way bet on the direction on Friday.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
