AUD Weekly and 3-day pattern 7:10Currencies and Indices have followed the same pattern of moving towards their Weekly highs.
A breakout above the 3-week highs and prices are moving back towards their December 50% levels.
Even though prices can sell down from a higher open on Tuesday, based on Monday's 3-day breakout, then the expectation is that price is continuing higher.
Tuesday:- Monday's 3-day highs is support for Tuesday with the view of higher prices
Euro Weekly and 3-day patternIdeal pattern on the Euro would be to slip back down early on Tuesday to retest Monday's breakout and then continue higher on Tuesday.
If price moves upwards and hits Tuesday's highs along with the Weekly highs early on Tuesday, then price could rotate back down and retest the break late on Tuesday during the US time zone.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
