Euro Weekly and Daily cycles.
5-day 50% level and Weekly level will determine whether the trend continues up towards Wednesday's highs and the Weekly 50% level
AUD Weekly and Daily cycles
Overall trend bias is to move towards the January highs @ 1.07+
however, based on Tuesday's price action (Weekly high Resistance), it's hard to tell whether Wednesday will continue towards the daily highs
or begin a move back towards the Weekly 50% level (support) (2-day reversal
5-day 50% level and 12 hour channel highs @ 11am will be the trend guide
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
