Euro Weekly and 5-day pattern
2-day down move has completed with the reversal off the Weekly and 5-day lows on Tuesday.
At the start of this week I had a view of 2-days down, and based on the current price action I don't have a view on high probability patterns for the rest of this week.
At this stage I would use the levels in the 5-day range and concentrate on 4 hour patterns of 41-85 pips.
AUD Weekly and 5-day pattern
Upward bias as price is trading above the monthly 50% level...
Based on current patterns in the 5-day range no probability pattern for Wednesday.
Random resistance the Weekly highs.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
