Euro Weekly and Daily cycles
Based on the consolidation above the October 50% level, there is every reason why the Euro and other currencies can rise upwards on Friday (higher Weekly close).
However, as noted in the Weekly report, the USD index is showing that same patterns, and that decides to rise upwards on Friday, currencies will move in the opposite direction
5-day 50% level is the trend guide ;- each way bet.
AUD Weekly and Daily
Same applies on the AUD....
price is either going to continue higher
or it's going to retest Friday's channel lows and close in the middle of the 5-day range
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
