Euro Weekly and Daily
First 12 hours today could see the trend remain within the 12 hour white channels...
At this stage the Weekly level @ 1.2851 and 5-day 50% level is seen as resistance
AUD Weekly and Daily range
After Monday's support off the Weekly 50% level, and price is still above the Yearly 50% level...
The trend bias is UP
However, during the first 12 hours there isn't a high probability set-up for longs.
I would continue to use the Yearly 50% level @ 1.0222 along with the 12 hour 50% level as the trend guide.
Random resistance Weekly level @ 1.0308
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
