Euro Weekly and Daily
As noted in the Weekly report, there was an expectation that the USD would move into a 2-day reversal pattern, and this has completed.
Currencies have risen over the past 2-days, and now we look to see if they will begin to move lower once again.
The Euro is hitting resistance levels, using the monthly and Weekly 50% levels...
However, price would need to be trading below the levels in the daily range, otherwise price can continue towards Wednesday's highs
AUD Weekly and DailyAUD looks to be moving towards the Weekly 50% level and the July 50% level...
Trend Guide and support the 5-day 50% level (white channel highs)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
