FOREx EUR/USD 16th Sept 2008

EURO daily and 3-day pattern

Monday's trading was about the 3-day filter (yellow) and your own timezone.

As was the case with most spreads, price ends up re-testing the breakout from Friday to verify the break and then should hopefully continue higher this week.

Tuesday:- if it's going to follow the Weekly analysis of rotating towards the September 50% levels, price should be rising up from the 5-day 50% level and trading above the brown filter heading towards Tuesday's highs.

I haven't factored in a lower day.



      • 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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