Euro Weekly and Daily range
the Euro continues to move upwards, as it rises up from the 5-day support levels, which match the R84 spiral lows.
Friday's trading is based on whether the trend continues up towards the Weekly 50% level....
or the MAY 50% level along with Friday's highs stall the market from rising, and next week begins with a 2-day reversal pattern.
Resistance 1.4372/75
AUD Weekly and daily range
higher timeframe support levels are pushing the AUD upwards, helped by the R84 spiral lows during the day.
However, the 12 hour patterns and levels have been choppy.
Friday's trading is based on whether the trend continues up towards the Weekly 50% level....(5-day high breakout)...
or
Friday's highs stall the market from rising, and next week begins with a 2-day reversal pattern.
Resistance @ 1.0705
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
