Euro Weekly and 5-day pattern
Expectation of resistance towards the 5-day 50% level has seen price break and now trading below.
I'm bearish on the euro until April...
This could see Friday push lower towards the daily lows ;- another 41 & 85 pip move.
I couldn't be bullish whatsoever, but don't short trade on Friday above the Yellow filter.
AUD Weekly and 5-day pattern
AUD is tricky as the March 50% level should support price and move upwards.
This will be a far more valid set-up if price moves down into Friday's lows, find support and then Monday continues higher using the Weekly 50% level and the March 50% level next week.
Yellow random resistance.
Bearish is obviously a break of those lows on Friday.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
