Euro Weekly and 5-day pattern
After yesterday's spike up into the Weekly 50% level and reversal back below the Weekly level...it now looks like moving down into Wednesday's lows using 1.3117-9 as the trend guide.
if for some reason the Euro is above those levels, then it's a minor swing back towards the 5-day 50% level and brown filter
Continues to look like it is moving towards the December highs.
Trend guide @ 1.0098
random resistance @ 1.0134 .
Note:- AUD has already reached the Weekly highs, therefore below 1.0098 could see intra-day weakness
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT