USD Index
Currently consolidating in the 3rd quarter and until the start of the 4th Quarter.
The 50% level of the 4th Quarter will determine the trend guide, with a likely upward bias towards the Quarterly high.
Currencies hit their 5-day highs on Friday, therefore next week should begin with a 2-day UP move
However, whilst price remains below the 3-month 50% level there is still the possibility that September continues back down into the lows, which will see currencies continues higher thereafter.
Monthly and Weekly
There is a 3-week breakout this week, which should continue higher next week.
However, there is a 5-day high reversal pattern on Friday, which should see next week start with a 2-day reversal.
If the Euro is going to go higher next week, then the ideal pattern would be to see the 5-day lows form support on Tuesday matched with the Weekly high breakout
