FOREX EUR/USD 11th July 2008

"So far the Euro is following the Weekly set-up, and has broken out of the 3-day filter:- (bounce off higher timeframe 50% level and continue higher into Friday)

In theory price should remain above the breakout level and continue higher on Thursday.

High Risk Trading longs below the 5-day 50% level on Thursday".

Yesterday's Report

EURO Daily and 3-day pattern

EURO has continued to follow the Weekly Trend higher after finding support this week.

Thursday pushed back down into the 5-day 50% level, and has followed the breakout pattern higher.

There is no probability pattern for Friday, as the expectation is that price will continue higher.

Simply trade the levels.

EUR/USD Weekly Report tomorrow



      • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

    • Exact levels shown for current day aren't confirmed until midnight GMT




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