Euro Weekly and Daily
USD continues to rise as the Euro gets hit with Italian, Spanish, and Portuguese markets dropping considerably.
As noted in the Weekly report, the key support level in the Euro is 1.4113, and that has failed with the euro breaking Monday's lows, and likely to extend down into Tuesday's lows.
Sadly, the Euro didn't retest Monday's 5-day low break in the 2nd 12 hours
The trend guide on the Euro is the Weekly lows @ 1.4076, which could act as resistance and push the trend down into Tuesday's lows (random support)
AUD Weekly and Daily range
As noted in the Weekly report, I'm bearish on the AUD...
The Weekly 50% level could support the trend, along with Tuesday's lows...
but whilst below the July 50% level, the trend bias is to continue down.
If below Tuesday's lows, the trend bias is down towards the Weekly lows
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
