Euro Weekly and Daily range
The euro continued down into the 5-day 50% level, which matched the 85 pip spiral low, but it wasn't until price was above the Weekly level @ 1.4545 that the rally towards the Weekly highs eventuated.
Today:-
Weekly highs are seen as resistance, but there's still the possibility that the last week in April continues to trend upwards, and towards the .618 of the Yearly timeframe @ 1.4950
for the first 12 hours I would concentrate on the levels in the daily range
AUD Weekly and Daily range
AUD is now trading @ .618 of the yearly highs @ 1.0870...
and with the current price action in the daily range, it's likely to move towards the Weekly highs:- random resistance @ 1.0842
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
