Euro Weekly and Daily range
Euro hits the Weekly highs and stalls.
My ideal pattern would be for the euro to move down into next week's level and then continue higher next week.
Based on the current levels on Friday, there's no probability pattern
AUD Weekly and 5-day pattern
Higher timeframe levels continue to resist the AUD from rising, and with yesterday's levels the bias was to push the AUD lower.
Today:- Either the trend continues down into Friday's lows (random support) & Weekly level @ 98.30
or the first 12 hour moves upwards, with the first target being the 5-day 50% level @ 9928, and with a possible move towards the channel highs.
This being a lower Daily open and continuing to move in a consolidating pattern for the first 12 hours.
Trend guide on Friday is .9897
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
