Euro Weekly and 5-day range
Trend bias is to continue down into the Weekly lows.
There's a breakout of Wednesday's lows which should continue down into Thursday's lows.
Weekly lows are seen as major support levels, but those support levels will need to be verified by the weekly close and next week's open.
Brown filter trend guide for the first 12 hours.
AUD Weekly and 5-day range
Currently trading below the critical support levels @ 1.0007 (January 50% level).
current price action suggests weakness down into the 3-week lows @ 9893, whilst below 1.0007.
If above 1.0007, it will need to clear 1.0026 for a swing back towards the 5-day 50% level.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
