Euro Weekly and Daily rangeThe euro is in the middle of the Weekly range, and it didn't moved up into the weekly highs on Wednesday (11am), instead it sold down into the 5-day 50% level.
I still have the view that the Euro will come down and test last week's breakout... however, the levels in the daily range is an each way bet on Thursday
Trend guide is simply based on the brown filter, and random support on the 11am blue channel lows
AUD Weekly and Daily range.
Random support failed as it was below the 5-day 50% level, which then sent the AUD towards the Weekly 50% level.
As we can see the trend moved down into Wednesday's lows and found support
As the Trend is above the Weekly 50% leve, the trend bias is up, however the levels in the 5-day range don't provide a long set-up as yet.
on probability pattern for the first 12 hours for 'long' trades.
Below the Weekly 50% level and the trend bias is down into the Weekly lows
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
