Euro Weekly and Daily range As per Weekly report, the Euro could be rotating down towards the April 50% level over the next 5-days .As per Friday's 5-day low pattern, there is the possibility that the next 2-days tries and move upwards
Therefore the levels at 11am will decide the direction of short-term trends over the next 12 hours
AUD Weekly and Daily range As per Weekly Report, the trend bias is to continue towards 1.035, using the Weekly level @ 1.0232 as the trend guide.
However, there is also the possibility that Friday's resistance (5-day high) could result in a 2-day reversal/stall pattern..
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Therefore the 11am level will define whether Monday continues higher or not.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
