Euro Weekly and Daily cycles
Whilst below the weekly level the trend bias is to move down into the Weekly 50% level (March 50% level by next week)
there are two potential patterns for Friday..
#1) moves down into Friday's lows (random support)
#2) moves up into the 5-day 50% level, stalls, but then continues higher from 11pm
AUD Weekly and Daily cycles
Trend bias is to continue higher, with the weekly highs on Friday having less reason to stall the trend compared to a couple of days ago.
Trend bias is up towards the March highs
However, the 12 hour patterns in the daily range aren't providing high probability set-ups
5-day 50% level is the trend guide
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
