EURO Daily and 3-day patternMonday's view was a rotation up into the 5-day 50% level and a minimum push down 41 pips.
This normal pattern would attract buyers sending the market higher. It did attract buyers, but this time it didn't send the market higher.
Tuesday:- its an each way bet.
1. Rising up from the Monthly 50% level and a test of the 5-day 50% level on Tuesday can send the market higher on Tuesday (breakout)
2. A push down into the 5-day 50% level on Tuesday, can continue down towards Tuesday's lows and breakout on the down side.
I don't have a probability pattern other than being on the correct side of the Yellow 3-day filter.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
