Euro Weekly and Daily cycles
The current price action coming into the end of the first Quarter is based on whether the next couple of weeks continue to rise upwards, and then makes a move towards the 2nd Quarter highs (April)
Today:- trailing support the Weekly 50% level if there is any weakness.
Whilst Tuesday's highs and the Weekly level @ 1.3318 becomes random resistance.
12 hour channels and 50% levels are the trend guide on whether the trend pushes upwards early on Tuesday from 11am onwards
AUD Weekly and Daily cycles
As noted in the Weekly report, the single monthly lows (red) are going to be critical on whether the trend continues upwards in the last 2 weeks of the first Quarter.
The question remains whether the trend breaks out of Tuesday's highs or not.
Trend guide 11am levels
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
