Euro Weekly and Daily range
2nd 12 hour support help validate the move upwards using the weekly level @ 1.3332 as support.
current expectation is that price is moving towards the 5-day 50% level @ 1.4520.
whilst above the daily channels the trend is up...
however, if for some reason it dips below, the MAY 50% level @ 1.4372 is seen as support
AUD Weekly and Daily range
Weekly 50% level support, and 2nd 12 hour breakout pattern should see the trend continue up towards Wednesday's highs (random resistance)....
as part of a move towards the Weekly highs by Thursday/Friday
Support:- 1.0820 (11am)
Trailing support is yesterday's highs and also the R84 spiral top @ 1.0792, in case it dips down early in the first 12 hours
Note:-I haven't factored in a reversal pattern into the 'dynamic' 5-day
50% level @ 1.0742, but it can happen this week.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
