Euro Weekly and daily range
My view yesterday was that the Euro would push upwards, as long as it remained above 1.3898.
That changed with a breakout of Thursday's lows, confirmed with more weakness in the 2nd 12 hour range towards the channel lows.
There are two possible patterns on Friday....
Continues down towards Friday's lows, which matches the Weekly 50% level @ 1.3704
or it swings upwards in the frist 12 hours and retests the breakout, using 1.3845-56 as resistance
AUD Weekly and Daily rangeCompletes the move down into the MARCH 50% level @ .9993
There are two possible patterns on Friday...
continues down into Friday's lows @ .9965
or price swing back towards 1. 0035
if price is above that level during the 2nd 12 hours, then there is a possible swing back towards the 2nd 12 hour channel highs
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
