Euro Weekly and Daily range
the euro has been choppy during each 12 hour pattern, without any clear direction.
Either the euro continues higher, or it drops down into the Weekly level @ 1.4322.
I favour a move down, using the monthly highs and the brown filter as a trend guide...
but it will need to break support and the 5-day 50% level.
AUD Weekly and 5-day range
Remains supported, but not continuing up and towards the Yearly top @ 106.12
Thursday is a simple case of trading on the right side of the 5-day 50% level....
My view is up...
but it can push back down into intra-day support levels
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
