AUD Weekly and 3-day pattern 11:20AUD opening below the Weekly 50% level and the December balance point.
It's also pushing down from the filters.
At this stage the bias is to continue down, but any down move needs to be trading below the 5-day 50% level and breaking Monday's lows, to confirm a move down towards December's lows in over the next 2 weeks.
EURO 11:20
Bearish on the Euro, but because of the breakout of Friday's lows, there is an expectation of price moving back towards the 5-day 50% level:- retest the break.
Trade on the side of the blue 3-day midpoint... 1.2670
Currently price is trading below the Spiral filters, therefore trading longs at this stage is open to risk...
