FOREX EUR/USD 5th August 2008

Euro Daily and 3-day pattern

Of the three spreads against the USD, the Euro has played out the monthly rejection pattern that I hoped for in the other two.

Monday's early rise up into the monthly 50% level and rejection, favours and continuation down into the Weekly lows.

Tuesday:- 3-day filter the trend guide and down into Tuesday lows (random support)

All spreads are following the same pattern of a downward monthly trend into August lows


  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT


  • Exact levels shown for current day aren't confirmed until midnight GMT





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