Euro Weekly and daily range
Euro has continued into the Weekly level @ 1.3748 by Thursday.
As per Weekly report, the Euro can continue towards the Weekly highs once again (from the February 50% level)...
however, the Weekly level can act as resistance during the first 12 hour period and see price back down into trailing support levels.
Note:- Trend guide is used, as if the Euro is continuing towards Thursday's highs.
This can be based on the 12 hour breakout @ 1.3682 that extends into the next 12 hour highs.
but once again it will depend on the Weekly level.
AUD Weekly and Daily range
Expectation of more upside has failed to materialise, as the price action continues to consolidate around the Weekly level @ 1,0117.
My view hasn't changed.
i'm still expecting the break and extend pattern to continue towards this week's highs by Friday.
Trend guide remains @ 1.0117
Support @ 1.0101
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
