Euro Weekly and 5-day pattern
At this stage I would continue to concentrate on using the levels in the daily range, as the Euro doesn't look like it going to move upwards.
Yesterday's rise up into the 5-day 50% level and reversal down during the 2nd 12 hour perios looks to be moving down into Wednesday's lows
Whilst Wednesday remains below 1.3109 trend bias is down into the daily lows.
AUD Weekly and 5-day pattern
Tuesday's price action should continue to trend upwards and hopefully follow a move towards the December highs over the next few days.
however, the only problem has been Tuesday's failure to breakout of the 5-day range.
Wednesday:- brown filter the trend guide @ 9977 approx
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
