Bearish on the Euro with the expectation price is heading down into the March lows. (as per Weekly report)
currently the Weekly 50% level is supporting the market, but I have to favour more downside.
The trend guide should be 1.3702
If price is rising up from the 5-day 50% level on Tuesday and trading above 1.3702 then Tuesday could end up a choppy trading day.
However, I wouldn't be trading longs.
GBP monthly and Weekly
Same view of heading lower....
AUD Weekly and 5-day pattern
Same bearish patterns aren't in the AUD.
Monday moved down and hit the 3-day lows and in theory should follow the Weekly high breakout from last week and continue higher this week.
However, the Yellow filter can act as resistance:- 41 & 85 pips.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT