FOREx EUR/USD 23 September 2008

Euro Weekly

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
  • Exact levels shown for current day aren't confirmed until midnight GMT





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