Euro Weekly and Daily cycles
Retest of the previous Weekly breakout and the rejection back down....
This could see the rest of this week continue down into this Week's lows @ 1,2877.
Therefore the trend guide becomes the December lows @ 1.3039, along with the 12 hour channel lows.
Either it continues down, or remains choppy into the Christmas break.
AUD Weekly and Daily cycles
Fake move above the higher timeframe 50% levels, and fake 5-day high breakout....
could see the trend continue lower for the rest of this week.
Trend guide the 5-day 50% level and 12 hour channel highs (white)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
