Euro Weekly and Daily
As noted in yesterday's report, there is a possible short-term top in the USD index (weekly highs), that can see currencies rise up from Thursday's lows.
If that's the case, then 11am support levels will come into play for a push up towards the 5-day 50% levels.
However, I'm not sure whether the trend will move above the 5-day 50% level during the first 12 hours.
AUD Weekly and Daily
Same applies on the AUD (11am Support)...
Note:- there is always the possibility that the trend may move down into Friday's lows, if the 11am support levels fail
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
