Euro Weekly and Daily cycles
I'm struggling to see the euro continue back towards the December 50% level (Weekly 50% level) this week...
I'ts has 2-days to move above and stay above the Weekly level, and it has failed to do so..
My view is that price will continue to move lower.
Weekly level @ 1.3380 remains the trend guide
Random support in the 12 hour range
AUD Weekly and Daily cycle
1 day to go until the start of December....
today is either going to continue to follow the daily cycles upwards (Random resistance Wednesday's highs
or it's going to remain choppy...
with potential weakness in the 2nd 12 hour range if inside the 12 hour channels (white).
December 50% level is the trend guide from tomorrow
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
