Euro Weekly and Daily cycles
Weekly level @ 1.29730 will determine whether the euro continues towards this week's highs....
or remains flat and retests the Weekly 50% level.
12 hour channels as the trend guide
AUD Weekly and Daily
Trend bias is to continue towards the January highs @ 1.07.
That means there could be a last week in the month ( rally over the next 5-days ).
However, Weekly and Daily highs on Monday are seen as resistance.
12 hour channel support @ 1.0445-520
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
