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"
Yesterday's Report.
Euro Daily and 3-day pattern
Euro has continued down into Wednesday's lows and probably hit Thursday's low, which coincides with the rotation down into the weekly 50%.
As pointed out in yesterday's report... if looking to go long, then a lower Daily open and back into the 5-day 50% level...
high risk trading longs below Thursday's low
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
