Euro Weekly and 5-day pattern
Euro is bearish as the market is now below the Weekly 50% levels and heading down into the 3- Week lows.
Very bearish if the market breaks out of those lows.
If we believe the Euro is going higher, then we need to look for Weekly HOOK patterns.
Basically what that means is:-
Tuesday's 5-day lows need to hold and Tuesday needs to close back above the 5-day 50% level and 3-week 50% level on the same day.
'HOOK'.
If that occurs then the trend bias is up towards the Weekly highs by Friday
AUD Weekly and 5-day pattern
AUD currently moving back into a 2-day counter trend move to retest last week's breakout.
Tuesday's 50% level needs to hold support, matched with the Weekly highs
@ 1.0006 to 1.0038
