EUR WeeklyExpectation that the Euro is moving down as far as the Quarterly lows as shown.....
but in the short-term there could be support forming around the previous 50% level @ 1.500, which should align with next week's Weekly lows....
Euro Daily
EURO:- Thrust pattern from the 50% level down into August lows.
August lows failure to hold on the Weekly close( Friday), and the expectation price moving down into the Weekly lows next week.
Euro 3-day patternOf all the three spreads, the Euro provided the most robust trading set-ups on the down move compared to the other two.
The test and reject pattern on Monday of the August 50% level, the test and reject pattern on Wednesday of Tuesday's breakout, and then on Thursday, the most robust pattern of
re-capturing any Weekly trend was the 5-day 50% level thrust pattern outward.
Monday's analysis after 11am on Monday.
