USD Index USD index still has a bias to continue towards the April and MAY highs during the 2nd Quarter.....
which should continue to put pressure on currencies, as long as it remains above the Weekly 50% level.
Euro Monthly and Weekly
Break and extend pattern from January until the April or MAY lows are still in play.
Friday's counter-trend move has put price back into the Weekly 50% level, which is the trend guide on any continuation down into the 3-month lows.
There isn't a break out of the 5-day highs that's going to help the euro continue to move upwards next week.
GBP monthly and Weekly
If the USD index is going to move up then GBP should continue down instead of consolidating between the Weekly levels.
This could occur at the start of MAY using the 3-month 50% level, verified by a break of the 3-week lows.
If price moves down into the 3-week lows in the last week of the month and bounces, then there is a possible move upwards in MAY.
trend guide the 3-week 50% level @ 1.5342
AUD Monthly and Weekly
3-week 50% level is the trend guide for next week.....(.9274)
And if above, price can continue towards April highs and then into MAY's highs the week after.
