As per weekly report, the key support levels in the Euro are based on the monthly levels @ 1.3533-60.
Last week’s price action is important because of Friday’s close above those levels and this week opening above those levels.
At this stage:- Monday is above a number of important levels, and in the first 12 hours the support and trend guide is 1.3705
Even though there is a possibility that there could be a minor push down into the weekly level @ 1.3628 some time this week, I think the best set-ups would be looking for trades on the long side using support levels
Random resistance:- Weekly 50% level and Monday's highs
AUD Weekly and 5-day pattern
AUD is still trading below the Weekly 50% level, therefore there is a possibility that the AUD moves down into the Weekly level @ 9787
Random resistance and Monday's highs @ 9931 to 9940.
Don't hold short trades above those levels, because of the larger timeframe patterns which suggests further upside in the 4th Quarter.
Trend guide @ 9906 for the first 12 hours
