Euro Weekly and DailyWednesday looks to be moving up towards the Weekly highs. (Wednesday's highs).
If that happens and it stalls, then we should look for a potential reversal pattern back down to retest the Weekly breakout.
for that to happen it will need to be trading below 11pm support levels.
Note:- There is a possible minor reversal pattern during the first 12-hour into 11am support, as it remains below Tuesday's 5-day high.
AUD Weekly and daily
2-day reversal pattern has completed, helped by the Weekly level forming resistance @ 1.0750 on the news that the Reserve bank didn't lift rates.
However, it hasn't continued below random support, and remains above the 5-day 50% level.
There is now a possible swing back towards the highs....
Trend guide 5-day 50% level.
Note:- price could come down into the random support level first, before it moves upwards.
If it's below Random support, then it's following the Weekly levels that are forming resistance
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
