8th July Euro, AUD, Daily



Euro Weekly and 5-day pattern

As per the Weekly report the critical level on resistance was 1.2710.

Thursday's highs were 1.2712.

If the Euro is going to reverse down then it will need to remain below 1.2693.

down side pullback would be towards the 5-day 50% level.

With potential further weakness next week.

AUD Weekly and 5-day pattern

Weekly highs reached....

If the AUD is going to reverse back towards the July 50% level, then it would need to remain below the Thursday's highs @ 87.27

otherwise the Daily close above Thursday's high can push upwards on Friday towards the daily highs.