FOREX EUR/USD 31st July 2008

The entire Weekly probability pattern has played out and I don't have a view for the rest of this week until the end of Friday.

Therefore trade the levels:- Wednesday Support and 5-day 50% level resistance using the intra-day brown filter as confirming patterns"

Yesterday's Report

EURO Daily and 3-day pattern

Wednesday continued down finding support around Wednesday's low and moving into a small range day.

Ideally the set-up was for a slight rise higher into the 50% level and then push down into the lows.

Last day of the month on Thursday looks to be a range day, which could go as high as July's 50% level to close out the month in the middle of the range @ 1.5683

No probability pattern for Thursday


  • 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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