EURO DailyOut of the three spreads, the Euro has been the one that has price pattern that have followed in a text book fashion, especially compared to the British pound.
Wednesday test of the 3-day filter and reject....
Two plays on Thursday:-
3-day filter rejection pattern down into the Weekly lows again (Thursday's lows), early selling pressure during Asian and GMT hours....
Weekly lows have verified support twice this week, and is going to begin a rotation back towards some higher timeframe 50% levels :- next Week's 50% level.
Price will be trading above the 3-day filter, probably during GMT hours or US time...
At this stage it's an each way bet on Thursday:- use the 3-day filter
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
