Euro Weekly and Daily Report
Price is down into the Weekly lows....
and based on Thursday's breakout, expectation it's extending down into Friday's lows, as a move towards the Monthly lows in January...
Trend guide 12 hour 50% level.
AUD Weekly and Daily
AUD didn't continue higher, but was pushed down from the 11am levels...
today's trading is simply based on the Weekly level @ 1.0256 and the 5-day 50% level.
The trend is either going to move upwards, but struggle to move higher than the 12 hour channel highs @ 1.0348...
or Friday is going to move down, towards the 12 hour channel lows...(1.0208)
and possibly towards the January 50% level.
In conclusion:- Primary cycles are bullish, but will turn bearish if Friday closes below 1.0222
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
