Euro Weekly & 5-day range
Euro currently choppy over the past 2-days without testing the previous Weekly breakout....
We can see the 5-day lows catching up with the current trend, and these lows will be critical on whether the trend remains stalbe (above the Weekly highs)
or breaks and continues lower
In conclusion:- trade on the side of the 5-day 50% level
AUD Weekly and Daily range
AUD completes the 2nd day reversal on Tuesday, and retests the previous Weekly breakout @ 1.0842
Based on the current price action I would look for the trend to swing upwards, and move towards the Weekly and monthly highs...
However, there isn't a pattern that suggests to go long during this 12 hour range.
Random support:- Wednesday's lows @ 1.0809-/13
AUD 5-day & SPIRAL FILTER
As we have seen in the current price patterns over the past number of days...
The R84 range is extremely dominate (right chart)
Therefore the trend remains stable whilst above 1.0809/13
