FOREX EUR/USD 25th August 2008



EUR Daily

Push down on Sunday and heading towards Monday's lows.

Random support Monday's lows.

No probability pattern on Monday.

My ideal set-up on Monday is usually to see the Euro move back towards the 3-day filter and short the high looking for a mimimum 41 pip move from GMT trading into US trading, but this looks like it's not going to happen today.

If trading above the 5-day 50% after 7pm (EST Aussie Time) that could still occur, but at this stage no probability pattern on Monday.