Euro Weekly and 5-day patternMy view is for price to continue towards the April lows and not swing back towards the April 50% level @ 13374.
The latter is a possibility because of the break and extend pattern completion, which normally rotates back towards the 3-month 50% level.
Break and extend:- January breakout and completion March lows
If there is a breakout of Tuesday's highs then I know the latter is occuring.
If my view of an extended move towards April's lows:- Yellow filter trend guide & Weekly 50% level
AUD Weekly and 5-day pattern
I'm hope my view of AUD moving towards 97cents+ in the 2nd Quarter hasn't started a week early.
I will know if there's a breakout of Tuesday's and the Weekly highs, if that's the case.
Resistance:- .9223
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
