USD Index the USD index has already moved back towards the 3-Quarterly 50% level and stalled at the July highs...
Therefore the upward bias could come to a halt and begin to consolidate for the next 3-days
Euro Weekly and Daily
Trend guide is based on the 11am levels that could see Wednesday move back towards the Weekly lows @ 1.4076.
Those Weekly lows is seen as resistance during the first 12 hours.
if below 11am levels, then the trend bias is down into Wednesday's lows.
However, because of the USD index, the downward bias in the Euro might not make it all the way down into Wednesday's lows, and could continue to consolidate into the 2nd 12 hour range
AUD Weekly and Daily
11am and Weekly 50% level is the trend guide and seen as resistance during the first 12 hours
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
