Euro Weekly and Daily range
Euro has continued to push upwards, but it failed to close above the 5-day 50% level.
Officially it's not a Weekly HOOK pattern, because Tuesday would normally close above both the 5-day 50% level and Weekly 50% level, and then continue up towards higher highs by Friday.
Wednesday is simply defined by the filters and support @ 1.3613 @ 11am
any upside and the target is towards the Weekly level @ 1.3748 by Thursday.
Note:- if Wednesday moves down, then random support around the channel lows @ 1.3548.
AUD Weekly and 5-day range.
AUD still supported, but it can't rise more than 85 pips.
This has resulted in a 2-day consolidating pattern at the start of the week above 1.0117
There is still the expectation that the AUD will follow a break and extend pattern into this week's highs.
ideally from the 5-day 50% level once again.
any minor weakness early on Wednesday, and 2nd support as shown is once again used.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
