Euro DailyYesterday's expectation was for the Euro to pullback into the 3-day filter...
Wednesday is a hard call... the brown filter is the trend guide once again, and any upside this week should be supported around the 5-day 50% level, which matches last friday's breakout.
But it won't surprise me to see a pullback into Wednesday's 3-day lows either:- pullback into Weekly 50% level.
As we can see on Tuesday, the same spiral patterns on the downside played out as price rotated back down into the 3-day filter during US trading hours.
And the same will occur on Wednesday:- trade on the side of the spiral filters and keep in mind the 5-day 50% level..
No probability on direction
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
