Euro Weekly and 5-day patternContinue to be bearish on the Euro towards the April lows.
Only concern on Wednesday would be the 3-day lows supporting on Tuesday & then Wednesday swinging upwards with a break above the Yellow.
Random length on the upside if that occurs.
At this stage I would favour the trend continuing lower.
AUD Weekly and 5-day pattern
Bullish on the AUD, but not my ideal set-up to be trading longs unless price revisits the April 50% levels.
Trend guide the 5-day 50% level:- above 41 pips +
Bearish below the 5-day 50% level if price is trading below, as it is also breaking the 3-day lows.
Random support:- Weekly 50% levels but not so much on Wednesday if it's breaking the 3-day lows.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
