Euro DailyTight 3-day pattern trading above the 5-day 50%, and Friday is all about trying to determine which direction the Weekly close will occur:- UP or DOWN.
There is still an expectation that price could come down into the Weekly 50% level, with September 50% level playing out resistance this week.
Yesterday moved higher and reversed down into the 5-day 50% level.
Once again most of the price action was occuring outside my time zone, with a couple of patterns during GMT and US hours providing the 'money'.
Today:- is simply about the 5-day 50% level.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
