USD Index
At this stage the expectation is that the USD index will continue towards the February highs.
Around those highs are important, because if price reverses back under $80.00, then price will be back below the 3xQuarter 50% level, which could see a rotation back down into the monthly 50% level in March.
AUD Quarterly and MonthlyIt seems that the 3-Quarter 50% level is the target @ 84.42.
A probable support that's verified with lesser timeframe patterns.
Euro Quarterly and Monthly
Extremely bearish when price breaks out of the 3-month lows (January) and below the 3-quarter 50% levels, as the USD Index rises.
There's two possible outcomes:-
1. break and extend pattern down into the February lows and Feb closes back above 1.4412
And then March moves upwards
2.:- breakout can extend from 1 Quarter into the next.
That means the Euro is travelling towards the Yellow lows in the 2nd Quarter in a zig-zag fashion, or could be swift.
GBP Quarterly, Monthly & Weekly
February lows support.
Based on the Weekly timeframe it could take 2-weeks for that to happen.
Note:- Everything is dependant on how the USD index trades around the February highs and Currencies around their February lows.
Daily reports out on Monday
