Euro Weekly and Daily range
Euro has risen in the 2nd half of the day after finding support at the July lows.
The up move wasn't unexpected simply because of the price action in the USD Index, as per yesterday's report
Today:- Euro is likely to continue towards the Weekly 50% level, and I would see this as resistance during the first 12 hours
Trailing support, as per 11am support levels, which matches 11pm breakout levels
AUD Weekly and Daily
AUD is going to be defined by the Weekly level @ 1.0760.
this is either going to see price move up towards Thursday's highs, and then the Weekly highs by Friday.
or it's going to push price back down into the 11am levels
and retest the July 50% level @ 1.0660
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
