Whilst the trend is below the Weekly 50% level, the trend bias is to continue down into the Weekly lows.
There is random support around .9880, which could see a swing back towards the 50% levels @ 9918 to 9936 (Weekly 50% level).
.9880 is not a high probability set-up, therefore run tight stops, as the market trend is to push upwards.
My bullish scenario, as per weekly report, doesn't look like playing out at this stage.
Euro Weekly and 5-day range.
opens below the critical level @ 1.3613, and is pushing down.
Trend guide is based on the brown filter, which could see a swing back towards the 5-day 50% level, during the first 12 hours.
if below, it's moving down into Monday's lows (random support)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
