AUD Weekly and 3-day pattern 8:10 amExpectation of a contiuation down on Monday didn't pan out, instead price on currencies moved back into the Weekly 50% level's and stall.
Whilst price is below those levels, there is an expectation of a continuation of the downtrend.
Tuesday:- Not more I can say than trade on the side of the 5-day 50% level
EURO Weekly and 3-day pattern
Same pattern of rotation into the Wekly 50% level and stall.
Tuesday:- trade on the side of the 3-day filter....
Below:- and it's into Tuesday's lows, which could lead into another breakout.
Above and it's heading towards Tuesday's highs:- Random resistance.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
