Euro Weekly and Daily range
Breakout of the Weekly and Daily highs on Friday should continue to extend up towards next week's Daily (Monday) and Weekly highs.
Once that occurs we should begin to look for a minor reversal pattern that retest's Friday's breakout and the trailing Weekly level @ 1.4069
AUD Weekly and daily range
As per Weekly report, my view is that the AUD is moving lower, however it could also swing back towards the Weekly 50% level.
Therefore Monday's trading is simply based on trading on the side of the 5-day 50% level.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
