Euro Weekly and Daily range5 day 50% level sell off down into the Weekly level @ 1.2162.
This level will determine whether the Euro consolidates until the end of the week, or there is another sell-off from the 5-day 50% level on Wednesday, as part of a move down into 3-month lows in the next Quarter.
The down move is what i'm expecting to happen during the 3rd Quarter.
Currently the USD Index has hit the 3-week 50% level and stalled, therefore I don't have the view whether the Index will reverse down or continue higher.
AUD Weekly and 5-day pattern
I certainly wasn't expecting the AUD to drop as far as it did.
Resistance:- .8574
