Euro Weekly and Daily range
There is a 5-day breakout of Friday which would normally extend towards lower lows on Monday
however, whilst it's above the weekly level, that might not happen...
Therefore the trend guide is going to be defined by 1.4418 at 11am
either it's pushed lower,
or it follows the swing back towards the 5-day 50% level
AUD Weekly and Daily range
my view is that the AUD is going higher in MAY, as per Weekly report
However, at 11am it will align with the 5-day 50% level and also an R84 pip high.
therefore trading longs has a risk element to it.....
there are two patterns that can play out..
#1) Weekly 50% level, 5-day 50% level, & r84 high pushes the AUD back down into the channel lows @ 1.0648
#2) continues up to 1.0822.
no probability in which direction it will go
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
