Euro Weekly and Daily range
The first 3-days this week is based on the Euro moving back towards the September lows and the 3-week 50% level...
And Monday's trading is based on whether it continues down into the Weekly lows...
or
is the first day of a potential up swing towards Friday's breakout lows 1.3818
AUD Weekly and Daily
11am levels will decide whether the AUD continue down into Monday's lows.
Those Weekly and Daily lows will defined whether the AUD remains supported....
or follows a similar pattern as the Euro, and continues down towards the September lows:- confirmed by a breakout of those Weekly lows.
if it's above the Weekly level @ 1.4320, then look for a swing back towards the Weekly 50% level and September 50% level, which is seen as resistance
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
