AUD Weekly and 5-day patternLower Weekly open and a move back into the 3-day cycle highs.
At this stage I'm favouring a 2nd day UP move to close above the 3-day cycle highs, but the price action in the 5-day pattern doesn't help.
no probability pattern on Tuesday.
Euro Weekly and 5-day patternYesterday's early rise formed a higher HOOK pattern that once above the 50% level favoured a move higher. Helped by the lower weekly open and rising up from the Weekly 50% level support.
If the Euro is going to go higher, then the most robust pattern would be to see price come down into an R85 low and use the 50% level as support to trade a 2nd day UP move towards the Weekly highs.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
