Euro Weekly and Daily range
Euro swing back towards the monthly and Weekly 50% levels.
Based on the current price action, it's too early to tell whether the Euro will break higher or hit resistance.
Therefore:- friday's highs are seen as random resistance & range bound between the daily levels
AUD Weekly and Daily range
Daily HOOK pattern Yesterday above the Weekly 50% level, and higher highs by Friday.
Expectation that the AUD is following a double Weekly high pattern into next week's highs.
However, Friday's highs and the matching Weekly level @ .10154 is seen as random resistance today.
HOOK patterns don't normally close lower on Friday, therefore any resistance is seen as only temporary:- 41 pips (max 85 pips)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
