Euro Weekly and Daily range
Tredn bias is to continue upwards, but the price action in the daily range has been choppy, without providing ideal set-ups during each 12 hour period.
Trend guide @ 1.3652.
At this stage my view is to continue towards the Weekly highs.
AUD Weekly and 5-day pattern
Weekly and Monthly 50% levels continue to resist the trend from rising.
At this stage I continue to look for buying opps during my timezone, and because i think the AUD is trying to move towards higher highs in 2011.
once again channel highs are the trend guide for Wednesday from 11am onwards.
Trend guide .9972.
To validate the trend moving upwards, we need to confirm this with a 5-day breakout.
if below .9972, then it's more rotation and random patterns:- 41 to 85 pips
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
