Euro Weekly and daily rangeWhenever the trend jumps from Friday into Sunday's 5-day highs, I would normally look for the market to come back towards the 5-day 50% level...
which means a move back towards the Weekly 50% level...
Therefore my view is that the Euro is moving towards lower support levels (11am to 11pm)
AUD Weekly and Daily range
AUD is in a different cycle compared to the Euro, as it's above monthly 50% level, and it hasn't the same extenison pattern into the 5-day highs.
However, for the AUD to continue higher, it needs to come back into trailing support levels within each 12 hour pattern
Note:- 1.0731/35 is the 84 spiral high
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
