5th July EUR, AUD Daily

Euro Weekly and Daily

The higher timeframe levels suggests the trend continuing higher

however, the levels in the daily range, favours the trend moving down into the support levels in the 5-day range.

no probability pattern for the first 12 hours


AUD Weekly and Daily range

12-hour support will define whether the overall the trend will continue higher, as it gets back above the Weekly level @ 1.0738.

At this stage I remain bullish for this 5-day period, whilst it's above the July 50% level, even though higher monthly step formations can often lead to bearish pattern :- higher July 50% level.

Those bearish patterns often come in the 2nd Week of the month.






  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT



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