Euro Weekly and Daily range
At this stage i'm treating the euro as hitting resistance around the weekly highs, namely @ 1.4022.
however, to verify a reversal pattern price needs to be trading below the white level @ 1.3943-52.
At this stage the 3-week lows are seen as random support, simply because I still have the view that currencies are trying to move towards the November 50% levels.
AUD Weekly and daily range
Trend guide brown filter @ 9848.
possible continuation up into .9920, which is seen as resistance.
To verify any weakness price needs to be trading below .9818
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
