FOREX EUR/USD 16th July 2008



Euro Daily and 3-day pattern

Euro pushed higher on Tuesday (brown filter) back towards the highs, hitting the Weekly highs and reversing back down.

Wednesday:-

Look for a continuation down into the Weekly 50% level using Wednesday's lows as support.

As pointed out in the Weekly report :-

"support should be verified by a down day and then to minimise risk trade longs from a lower open the next day"



  • 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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