FOREX EUR/USD 28th July 2008 part 2


Euro Daily and 3-day pattern

Euro pushed up from July's 50% level and back into the 5-day 50% level and Monday's highs.

Reversal down 41 pips and partial profits here.

Rest of the day has a random outcome on whether the market will follow the usual pattern and break higher, or continue down into a lower daily close because of price trading below the Weekly 50% level.

Holding....