Euro back into September 50% level with the expectation of price heading down into the next Quarter.
However, I'm not expectating a major reversal down until the end of the month.
Monday:- breakout and expectation price is moving towards Tuesday's highs.
Tuesday's highs are seen as resistance and a move back towards the breakout and/or the 5-day 50% level to verify the breakout.
The brown filter on Tuesday should be the early trend guide on whether price continues higher towards Tuesday's highs, or reverses back into the 5-day 50% level (random support)
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT