Euro Daily and 3-day patternOn Wednesday the Euro moved into a 'test-n-reject' pattern of Tuesday's breakout, and has continued with the Monthly trend towards August lows.
This week there have been a couple of good set-ups for the down trend:- Monday & Tuesday, but on Wednesday I would have preferred and higher Daily close so we could short-trade down on Thursday.
Until there is a higher daily close then it's watch and wait.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
