Euro Weekly and 5-day Range
Euro has followed a higher Weekly open and reversal down from the Weekly 50% level and also the 3-month 50% level as shown in the Weekly report.
I wasn’t expecting Monday’s price action simply because of Friday’s breakout.
Monday is being supported by the 5-day 50% level and Tuesday’s level dips down into 1.3216-33.
Today:- random support around 1.3205- 1.3216.
At this stage I’m not sure whether Tuesday will move higher from these support levels, because of the price action in the monthly charts....
A higher Weekly open and reversal down from the 3-month 50% level in the 3rd month of the Quarter is often bearish
AUD Weekly and 5-day pattern
I don’t have a Friday 5-day high pattern that often leads to a 2-day reversal, but the current price action looks like it could continue towards the Weekly 50% level @ 9781.
Trend guide is 9878
It would need to breakout of 9921 to gather strength
No probability pattern for the AUD on Tuesday
