Euro Weekly and Daily
Swing back towards the previous Weekly lows, which may act as resistance :- 1.3618 to 1.3211.
Daily and 12 hour 50% levels support for a move towards Wednesday's highs.
AUD Weekly and Daily
A swing back towards the higher timeframe 50% levels has played out.
There are two conflicting patterns at the moment.
#1) higher timeframe 50% levels can act as resistance (Weekly and December 50% levels)
#2) A breakout of Tuesday's 5-day highs could see the trend continue up towards Wednesday's highs.
Therefore early 12 hour price action could see a revisit of the daily 50% levels, which match Tuesday's highs breakout (Support)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
