Euro Weekly and Daily
11am trend guide is based on the channel low @ 1.41080
this is either going to push the euro back towards the channel highs...
or down into the 11am 5-day 50% level (random support)
don't trade longs below the 5-day 50% level
AUD Weekly and Daily
Same applies on the AUD and the channel lows in the daily range.
And as we can see, price is trading below the Weekly 50% level, therefore there is a bias to continue down towards the 5-day lows on Monday
if it's trading below the 11am blue channel lows
Trend guide @ 1.0645
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
