Euro Weekly and Daily range
Is Above the 5-day highs on Wednesday, and also above the Weekly highs...
This suggests more gains on Thursday, which could see the trend continue to move as high as the monthly highs by Friday @
Note:- random resistance Thursday's 5-day highs
If below the brown filter and also the Weekly highs, then trade manage the positions using each 12 hour range and 41 pips
AUD Weekly and Daily range
Completes the move into the monthly highs @ 1.0434, but it's too early to tell whether the trend will reverse down because there's a breakout of the 5-day highs on Wednesday....
which would normally continue higher on Thursday.
Note:- Overall target in 2011 is 106.12
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
