USD Index
5-day breakout on Friday has push price back into the Weekly 50% levels & August 50% levels
At this stage these 50% levels along with a higher Weekly open can push the USD index back down next week
At this stage there isn't anything that will suggest the Index to go higher unless, there is another 5-day high breakout next week and price closes above those 50% levels.
AUD Monthly & WeeklyI expected more weakness in the AUD on Friday...
Daily report next week will give more clues, but AUD is either going to continue UP towards August highs or move lower into the Weekly 50% level.
Euro Monthly and Weekly
Euro has moved back down into the Support levels and Weekly 50% level.
There is a 5-day low breakout on Friday....
If the euro is going to continue higher next week, my ideal pattern would be Monday to push down, and then Tuesday to form a Daily HOOK bar back above the Weekly 50% level.
If that's the case then the Euro should continue higher from Wednesday into friday, using the Weekly 50% level as support.
