EURO DailyAs pointed out yesterday, there is eventually going to be a breakout of the 3-day highs and price is going to rotate back towards September's 50% level.
We can see in the Euro that price is trading and closing above the 3-day highs.
However, price is trading trading below the Weekly breakout from last week, and also below the Weekly balance point. (Resistance).
It's too early to tell whether any currencies are going to continue higher even with Tuesday's price action.
No probability pattern on Wednesday:- but Wednesday's highs do match the Weekly resistance levels, which could see price reverse back down into the 3-day high filter on Wednesday:- supportI would be more bullish to see a reversal down from Wednesday's highs, find support (3-day filter) and then for price to continue higher on Thursday.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
