Euro Weekly and 5-day pattern
Yesterday we ended up with Set-up B and a higher daily close to end the month.
Today price starts with a higher daily open and trading at the single monthly balance point (red)
I continue to be bearish however there is still the possibility that by early next week price is trading around the April 50% level (3-month).
Therefore below the monthly red, the 3-week 50% level and the Yellow filter on Thursday I favour the trend continuing down in April.
Above and there's the potential for a higher Weekly close, but that will need to be verified with a 5-day high breakout
AUD Weekly and 5-day pattern2-day stall completed with the expectation that price should continue towards the Weekly highs next week.
Support:- 9114
don't trade longs below .9114 (weekly 50% level)
There is still the possbility that the current week closes around its lows and the April 50% levels, as per Weekly report set-up.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
