Euro Weekly and 5-day pattern
After the USD index hitting the 3-week lows and the Euro hitting the 3-week highs on Friday, I'm bearish on the Euro.
At this stage I need to focus on patterns in the 5-day range and begin to hold trades longer on the short side and filter those moves.
Yellow Monday level is the trend guide.
Normally I would look for the trend to continue higher on a Friday breakout, but it doesn't match my overall view of the USD and currencies.
If above the Yellow then it's pushing up towards this week's highs. (resistance 1.3839)
AUD Weekly and 5-day pattern
not so bearish on the AUD, as per Weekly report.
Yellow filter the trend guide.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
