Yesterday's Report:- "Tuesday failed to rise and 'hook' above those higher timeframe 50% levels, instead stalling, therefore it's a bit early to make a clear judgement on whether the EURO continues higher this week.
There is no probability pattern on Wednesday, except defining the trend either side of the 50% levels....But whilst price is trading above that level, then the 5-day Weekly trend remains bullish."
EURO Daily and 3-day pattern
The 5-day 50% level supports price sending the EURO towards the Weekly highs.
Wednesday breakout, and expectation is that the EURO will push up higher on Thursday...
Probability pattern:- breakout and extend into Thursday's highs, reverse back down into the 5-day 50% level and Support....
Which coincides with multiple timeframe 50% levels:- 5-day, Weekly and Monthly, and then if Support is verified, look for higher prices on Friday:- Rising Weekly timeframe
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
