Euro dailyOf all the spreads the Euro looks like it's setting up for a higher move on Thursday :- 3-day filter breakout and 5-day 50% level.
But only if it's trading above those levels after 19:00 Sydney time...(GMT hours).
Bullish pattern would be a higher move and re-test using the R41 spiral low matching the breakout and continuing higher.
Thursday will be opening around some critical levels which could push either way:- down or finally break higher.
Looking at Wednesday's price action:- rejection from the 3-day filter on Wednesday will on most occassions favour more downside from Thursday's 3-day filter.
So at this stage it's an each way bet on Thursday :- keep an eye on levels and timeframes.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
