FOREX EUR/USD 14th July 2008

Euro Daily and 3-day pattern

Please read the daily report before proceeding....

http://forexspread.blogspot.com/2008/07/forex-eurusd-weekly-12th-july-2008.html


Expectation that price is coming back down to re-test the Weekly 50% level over the next 2-3 days, and then look for a continuation higher

Monday:-
Any reversal down on Monday I would like to see the 3-day highs hit and then begin a rotation back down into the 5-day 50% level.5-day 50% level on Monday is random support.....

"support should be verified by a lower Daily close, and then rising higher from a lower daily open