Euro Weekly and Daily range
The Euro is choppy within the 12 hour ranges, but continues to remain below the Weekly level.
I can't get bullish on the euro in the short-term whilst it is trading below the Weekly level...
Once again the Weekly level and 5-day 50% level and channels highs are seen as resistance.
Don't short trade above 1.4152
AUD Weekly and Daily range
is the AUD going to move upwards (above the MAY 50% level)???
Then it will need ot break out of the channel highs and begin trading above the 5-day 50% level.
Otherwise if it's going to go lower then in needs to be trading below 11am support.
Support @ 1.0513
11am random resistance @ 1.0587, matched with the r84 high
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
