Euro Weekly and Daily range
As per Weekly report, there was a bias to rise upwards during the first 2-days towards the Weekly level, helped by Tuesday's support level @ 1.4064.
I also mentioned that from Wednesday the euro could come under pressure.
However, not whilst above 1.4097 (intra-day support)
In conclusion:- the Euro is either going to sell down from Wednesday and break support....(5-day lows)
or it's going to follow the trend Towards April highs, as part of the remaining above the current March highs and Weekly 50% level
AUD Weekly and Daily range
We have seen the AUD move into a 2-day stall pattern, whilst remaining above the Weekly level.
After these two days there's now more reason for the trend to continue towards 1.035 over the next 2-days.
However, the daily range isn't providing a robust set-up.
Trend guide brown filter.
We might see a potential up trend originate from the 2nd 12 hour support low and continue higher if price is trading below the brown filter.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
