Euro:-
Weekly 50% level supported price on Monday, with the view of a rotation back towards the break on Tuesday.
There were no set-ups on Wednesday as it was viewed as a ‘stalling day’, part of the 2-day reversal, however it failed to close above the 3-day high.
Two probability patterns now: - support off the Weekly 50% level, and there is a potential of a higher close on Friday. This is confirmed whilst price is trading above intra-day trailing support.
A 2-day pattern up-move, and then failure (next day down) has the potential to collapse into Friday’s lows. There is also a forewarning pattern on ‘Dilernia Drops’ that is alerting traders the potential down move.
If Price breaks the Weekly 50% level on any push lower this week, then it’s down into Weekly close on Friday, and don’t stand in it’ way until next week..
Weekly 50% level supported price on Monday, with the view of a rotation back towards the break on Tuesday.
There were no set-ups on Wednesday as it was viewed as a ‘stalling day’, part of the 2-day reversal, however it failed to close above the 3-day high.
Two probability patterns now: - support off the Weekly 50% level, and there is a potential of a higher close on Friday. This is confirmed whilst price is trading above intra-day trailing support.
A 2-day pattern up-move, and then failure (next day down) has the potential to collapse into Friday’s lows. There is also a forewarning pattern on ‘Dilernia Drops’ that is alerting traders the potential down move.
If Price breaks the Weekly 50% level on any push lower this week, then it’s down into Weekly close on Friday, and don’t stand in it’ way until next week..
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