Euro Weekly and Daily range
Euro looks to be following a 2nd Weekly high pattern this week, however my expectation was that Tuesday was part of a 2nd day reversal after Friday's highs.
Currently the Weekly level @ 1.3480 is stalling the trend from moving back towards the January 50% level
Trend guide during the first 12 hours (after 11am) is simply the intra-day channels @ 1.3377
AUD Weekly and Daily rangeAUD continues to remain choppy between the monthly levels, as per Weekly report
This week's level @ 9882 is forming a higher lower, which can eventually break back above the January 50% level @ 1.0007.
If it's going to break above, then the trend guide is going to be 9978. during the first 12 hours (11am) , same pattern as last Thursday
There isn't any probability it will breakout during the 2nd 12 hours, and sometimes it takes until the last day of the week for that to happen.
Breakout is determined by Wednesday trading above the 5-day highs @ 1.0033
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
