Euro Weekly and 5-day pattern
There is a breakout of Wednesday's highs but a failure to complete the break and extend pattern into the following 5-day highs at this stage.
If that pattern is going to occur then the 5-day 50% level is a support zone:- 1.2766-77
Trend guide:- 1.2811.
If above 1.2811 then friday can complete the move into the highs later today.
Note;- Weekly levels are so far providing resistance, therefore it is not a forgone conclusion that the Euro will move upwards.
A break of the 5-day 50% level is based on price moving back down to retest the September 50% level
AUD Weekly and 5-day pattern
Same break and extend pattern, with the 5-day highs seen as resistance
support :- 5-day 50% level @ 9028
