Euro Weekly and 5-day pattern
I would have thought the Euro would have had more strength yesterday with higher timeframe support and a cross-over of the Yellow filter.
Currently below the 5-day 50% level, but it gives less reason to 'short-trade' the Euro whilst the current support levels are in place in April.
Those levels will move lower next week in MAY.
If above the 5-day 50% level then treat Friday as a higher daily close towards the 5-day highs.
AUD Weekly and 5-day patternWith Thursday's price action and closing above the 3-week 50% level, the AUD looks to be moving towards a higher Friday close and then continue higher next week towards the MAY highs.
if Friday moves down and find support @ 92.74 and takes out 93.12....
Then my view is a move towards Friday's highs (Weekly highs) and a continuation upwards early next week.
