FOREX EUR/USD 6th August 2008

EURO Daily and 3-day pattern

Monday's test and reject pattern of the August 50% level has send Tuesday down into the Weekly lows.

Tuesday has a breakout pattern, which hopefully can move up and re-test the break befor continuing down.

Wednesdays lows random Support.

Wednesday:- I'm leaning to an UP day in forex markets on Wednesday because of the breakout patterns, but not leaning on trading longs.

Preferrably a higher close on Wedensday can provide and higher open 'sell' pattern on Thursday.

  • 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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