Euro Weekly and Daily
Ax per Yesterday's report, I was expecting Wednesday to continue higher, instead the 2nd 12 hour pattern moved lower...
and looks like it's moving lower on Thursday.
Based on the levels on Thursday, my view is that the first 12 hours will try and move lower, using the channel in the Weekly and Daily range as resistance.
With a possibly move towards the Weekly 50% level by Friday
AUD Weekly and Daily
Whilst price is above Wednesday's highs the trend bias is up towards Thursday's highs, with random resistance around the brown filter.
and because of the brown filter the AUD could move back towards the 5-day 50% level and white channel high, which is seen as support.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
