"Wednesday highs are view as resistance, as was the case with Monday's and Tuesday's highs, but because the 3-day filter is now matching, price can also 'breakout':- (don't short trade above Wednesday's highs)"
EUR Daily and 3-day pattern
Euro continuing up towards the Weekly highs.
there was early resistance on Wednesday pushing down the usual first partial exit strategy of 41 pips, but as mentioned yesterday, the potential of a breakout higher was a possibility.
3-day filter
Push down on Wednesday into the filter and support, and then continuing higher (breakout)
Thursday:- Range trading between the 5-day 50% level and Thursday's highs.
Verified support on Thursday at the 5-day 50% level will probably continue higher into Friday.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
