http://forexspread.blogspot.com/2008/07/forex-eurusd-weekly-5th-july-2008.html
If the Euro is going to move higher in July, then prices should find support around Monday's lows, and then move back above the July 50% level, confirmed with a break of the 5-day 50% level then following day."
Yesterday's report
EURO Daily and 3-day pattern
Euro bounced off Monday's lows and has moved back into the 5-day 50% level....
If the Euro is going to continue to rise higher this week and move back towards the Weekly highs, then it needs to breakout on Tuesday and continue to rise up from the 5-day 50% level, and not reverse back down and head back towards Tuesday's lows.
A reversal down is still a possibility:- but not part of my Weekly probability pattern
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
