Euro Weekly and Daily cycles
Trend bias is down, as part of retesting the September lows and Weekly 50% level this week, with the expectation next week will follow the break and extend pattern into next week's lows.
Weekly level @ 1.3778 and the 5-day 50% level is the trend guide for Monday's trading.
My view was the price would continue to remain below the Weekly lows and extend towards the September lows...but that didn't happen with Friday's price action
it could happen next week, if price is below the weekly level @ 1.0369...
but after Friday's price action, it would not surprise me to see price continue upwards, and move back towards the Weekly 50% level, and as high as the upper weekly level @ 1.0638
