Euro Monthly and Weekly
Weekly level @ 1.3140 and the February 50% level will determine if the next 5-days continues to trend up towards the 1st Quarterly 50% level @ 1.3587
or
whether the trend will be pushed downward.
Normally I would look at the current monthly cycles and make the calculated guess that the trend will be pushed downward using the February 50% level and single montlhy highs. as resistance.
However, as shown in the book, Forex patterns often have the opposite effect, resulting in the next 5-days trending upwards.
AUD Monthly and Weekly highs
Trend bias is to follow the break and extend pattern in the monthly cycles, along with the 2 month wave pattern towards the February highs.
Those monthly highs are seen as resistance, confirmed by patterns in the daily cycle when looking for reversal patterns downward
