USD Index
Trading around higher timeframe support levels, but the reversal pattern won't be confirmed until a close above the 3-day cycle.
Based on the current patterns the USD index is moving down into next week's lows.
First sign of a reversal pattern is above next week's 50% level & 3-day cycle
Euro Monthly and WeeklyFriday's UP day should continue into next week's highs :- August
If USD index is above the 3-week 50% level, then a weaker trend on the Euro will be back below 1.3191
GBP Monthly and WeeklyAugust highs resistance but I would think based on the USD index GBP is moving into next week's highs :- resistance.
However, Friday hit the 5-day highs and stalled.
I would normally see this pattern and begin next week with the expectation that the first 2-days are moving down into support levels @ the Weekly 50% level @ 1.5660
AUD monthly and WeeklyClose above the weekly highs should continue up towards next week's highs...
However, the same 5-day high pattern on Friday and I would start the week looking for a 2-day reversal with the trend guide being .9188.
With random support @ 90.87.
