EURO Weekly and 5-day pattern
I wasn't expecting this week to open above the 3-week highs.
Whilst above the 3-week highs, the move is towards the April 50% level, but whilst above the 3-week highs the euro can move into a break and extend pattern until the following week's highs:- continue trending upwards.
Short-term:- Monday's highs random resistance.
5-day 50% level random Support
AUD Weekly and 5-day patternAt this stage Weekly and April's highs are viewed was resistance:- 9402
With a potential move towards .98 cents during this Quarter
Sunday's level is the trend guide (yellow) 9360
5-day 50% level support and matching Friday's high breakout @ 9314
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
