Euro Weekly and daily rangeEuro nearing the Weekly highs, and my view is that price will try and rotate back down and retest last week's breakout.
However, there's no confirming pattern in the 12 hour range, that suggests Tuesday will move down, unless it's below the intra-day support levels.
Based on the current price action, the first 12 hours could see another push upwards
AUD Weekly and Daily range
If the AUD is going to follow my view of moving lower, then it needs to reverse down on Tuesday (below the weekly 50% level).
11am trend guide is the brown filter...
However, there's no pattern in the 12 hour range on Tuesday ( just yet), that suggests there is going to be a daily reversal pattern whilst the trend remains above the white channel highs @ 1.0017
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
