Euro Weekly and daily cycles
Rally into Monday's highs, and a breakout should see the trend continue towards Tuesday's highs, which match the Weekly highs.
I'm not sure what happens then, but it's a resistance zone @ 1.4521
11am support levels matched with Monday's breakout highs.
AUD Weekly and Daily cycles
Expected more upside on Monday (breakout of the daily highs)....
however, it looks like the August lows is forming a resistance zone.
I still have the view that the trend is moving back towards the previous Weekly breakout @ 1.0540 ( Weekly 50% level..)
However, there isn't a robust pattern to get onto the trend on Tuesday
There are 2 support levels:- 12 hour breakout level @ 1.4680 matched with the 11am 50% level
and the lower 11am support levels
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
