17th August 2011 Euro & AUD

Euro Weekly and Daily cycles

Euro didn't continue up on Tuesday, as part of Monday's breakout pattern.

The euro is currently being supported above the August 50% level, and today's trading is based on whether Wednesday continues upwards
or it fails and moves into another choppy daily range

Trend guide 11am levels

AUD Weekly and Daily range

August lows resisting the AUD from moving upwards...

However, Wednesday can continue upwards as part of a 3rd day up move...

11am trend guide














  • 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



  •