Euro:-
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.(Yesterday's report)
Looking for a major sell-off on Euro.
Price action coming down on the 3rd day, and verifed with the break of the trailing intra-day support on Thursday
2 lot traders can parital exit 1 lot here and move stops to above trailing resistance line which matches the 3-day highs.
2nd lot can exit at 1.45290
3rd lot traders can exit on target @ 1.4390
A break of the Weekly 50% level is want I want to see, if this breaks first target is the previous weekly 50% level, but the expectation that the currency will follow a similar pattern as GBP/USD and head lower next week..
If Friday takes out 3-day highs @ 1.46720 (no shorting above it)
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