Euro Weekly and 5-day pattern.
Trading below August 50% level @ 1.2757
Weekly lows @ 1.2567 (random support)
Trend guide on Tuesday @ 1.2652
Based on current patterns the trend guide is to continue down, however if above 1.2652 there is a possible swing back towards 1.2701-27 (random resistance)
AUD Weekly and 5-day pattern.
After Monday’s failure to move up (fake break) above .8933 the trend bias is to continue down towards Tuesday’s lows and also the Weekly lows @ .8818
Around those levels are a number of support levels:- 5-day lows, Weekly lows, and August 50% level.
If the trend is going to move upwards then Tuesday needs to find support and then look for Wednesday/Thursday BUY patterns.
Trend guide on Tuesday is the 5-day 50% level @ 8925-8933
GBP Weekly and 5-day pattern
