Euro Daily and 3-day patternEURO trading around July's 50% level, and the 3-day pattern often moves back towards the 5-day 50% level on Monday forms resistance during GMT hours, and then kicks higher in US hours.
I think the same pattern is going to play out, but I don't think US time will kick higher based on price trading below the Weekly 50% level.
5-day 50% level, which is Monday's highs:- Resistance. (41 pips)
Random pattern of whether price moves higher on Monday, but a continuation down would be towards Monday's lows, and moving towards the Weekly lows on Tuesday.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
