Euro Weekly and 5-day patternJune low support and I'm looking for a siwng back towards the 3-week highs and then another leg down in July....
But I would still need to see the Euro trading above the White and the 5-day 50% level. (breakout of the 3-day highs)
AUD Weekly and 5-day patternAUD support and closed above the 5-day 50% level on Tuesday would normally continue higher towards the Weekly 50% level
Be aware 'Sell off' patterns can often occur when a daily close above the 5-day 50% level occurs but the next day open below the 5-day 50% level and begins to sell down.
5-day 50% level the trend guide @ .8290
Note:- if a 3rd sell pattern occurs then it's normally a move down into the 5-day lows, and as part of a move towards the Weekly lows.- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
