AUD weekly and 5-day pattern( spiral filter)Below Weekly 50% level and below pink filter and AUD is heading down...
Above pink filter and price is moving into the 50% level and spiral top (R85 range)
Euro Weekly and 5-day patternopening right on the Weekly 50% level and pink filter....
Therefore an each way bet in early trading on Monday @ 1.4845
If Euro is going to go down, then the R85 spiral top below the 50% level @ would provide an ideal set-up @ 1.4889
Note:- that's not a high probablility short set-up:- because Monday is a lower Weekly open and therefore rising up from a lower Weekly open using the Weekly 50% level support, which often can lead to a 2-day rise.
Same pattern as last Monday.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
