Euro Weekly and Daily range
Choppy trading day on Wednesday, with 2nd support providing the pattern that has seen the daily range close upwards and back above the key levels in the Weekly range.
The February 50% level @ 1.3156 is now the trend guide for the rest of the week, as the Euro continues back towards 1.3623 to 1.3657.
11am support in the daily range @ 1.3539
Thursday's highs random resistance
AUD Weekly and daily range.
Wednesday didn't follow the trend down into .9921, instead it has remained above the February monthly 50% level @ .9974, as shown in the Weekly report.
There are two possible patterns for Thursday....
#1 Continues up from the Weekly 50% level @ 1.0016 once again (-5day 50% level @ 1.0013), and towards and higher high by Friday. (random resistance Thurday's highs)
Ideally, this is also part of a Weekly HOOK pattern, as the daily range closes above the Weekly and 5-day 50% level.
#2 or remains choppy once again, revisiting the daily support levels @ 9968-74
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
