Euro Weekly and Daily
The euro is trying to swing upwards, as part of retesting the September lows, and Weekly 50% level...
but it will need to breakout of the 12 hour highs and 5-day 50% level for that to happen.
this is either going to happen during the first 12 hours using the 50% level @1.3658 as a trend guide
or price is going to dip back down into the 12 hour channel lows @ 1.3606. (support)
AUD Weekly and Daily cycles
Trend bias is to continue lower, as price is below the Weekly lows....
11am trend guide....
with Wednesday's lows having less probability of holding support
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
