Euro Weekly and Daily range
as noted in the Weekly report...my view is that the USD will rise putting pressure on currencies....
However, the USD could continue to drop during the first 12 hours, as part of retesting the June 50% level and Weekly 50% level on Monday.
Therefore it's an each way bet on the direction on monday, with the 12 hour blue channel support levels @ 11am providing random support that may fail.
AUD Weekly and Daily
Same applies on the AUD:- 50% levels on monday will thrust outward???
and then the channels will need to break to provide the next leg.
At this stage I don't know which way the trend will move, but my hunch is down based on the USD Index pattern
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
