10th March 2009 Euro part 2

Euro Weekly and 3-day pattern

Tuesday opened above the 5-day 50% level and pushed up from the Weekly balance point...

There has been 3pm support and now rising towards the 5-day highs.

Of the 3 currencies, the Euro looks more bullish in the short-term, but it's too early to tell whether the Euro will continue higher this week unless there is a breakout of the 5-day highs....

or a Daily HOOK pattern over the Weekly 50% level...

Weekly 50% level will still be the trend guide for this week but we need to see where Tuesday closes...