12th August 2011 Euro, AUD 2011

Euro Weekly and daily range

Either Friday closes on its highs, lows or in the middle of the 5-day range....

Because the patterns in the Weekly cycles don't give many clues, as price action continues to remain between higher timeframe levels.

Trend guide 11am levels

AUD Weekly and Daily range

no clues in the higher timeframe levels, but there is a bias to move upwards and retest the August lows/ Weekly level @ 1.0547.

However, the patterns in the daily range don't support that, unless it's trading above the 11am levels







  • 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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