Euro Weekly and Daily
Weekly lows and Thursday's lows random support
5-day 50% level & 12 hour 50% levels random resistance.
In conclusion:- The support levels can hold, but keep in mind that the Euro is likely to extend lower in January and towards the new Quarterly lows.
AUD Weekly and Daily
Fake move above the 5-day 50% level, and then a break of 12 hour support, would usually lead to a move towards Thursdays lows (random support)
5-day 50% level (resistance)
Note;- trend could continue lower for the rest of this week, but it could also remain choppy, as price waits for the next Primary cycle and new Yearly 50% level, and then decide whether the trend will continue lower or not
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
