14th July Euro, AUD, Daily

Euro Weekly and 5-day pattern

Yesterday's reversal from the 5-day lows and a higher daily close above 1.2712 is often seen as bullish and a continuation of the trend into higher highs. (Weekly highs + )

Trend guide 1.2712


AUD Weekly and 5-day pattern

Trend guide .8809 based on the Weekly range.

With yesterday's close above I would favour more upside.

However, the Trend guide Yellow @ 88.43 on Wednesday doesn't provide a high probability set-up for day traders.