Euro Weekly and Daily cycles
My view is that the Euro is moving lower..., as per Weekly report
Therefore the 5-day 50& level and 11am channel lows are seen as resistance. @ 1.31740.
Note;- I could be wrong, as the weekly 50% level could push the euro upwards in the 2nd 12 hour range.
Random support Wednesday's lows @ weekly level @ 1.29820
AUD Weekly and Daily cycles
My view is that the AUD is moving down into the Weekly lows...
11am levels upper channels resistance @ 1.0749
5-day 50% level is the trend guide.
Note;- I could be wrong as the Weekly 50% level support could push the AUD higher
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
