Euro Weekly and Daily cycles
breakout of the weekly highs, looks to be extending up towards next week's highs.
Friday's highs random resistance.
Support:- 5-day 50% level matched with Thursday's high breakout level
AUD Weekly and Daily cycles
If Friday is going to continue upwards, as it remains above the Weekly 50% level, then the 12 hour channels will be the trend guide.
However, below the Weekly 50% level and 5-day 50% level...
price could revisit Friday's lows.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
