Euro Weekly and Daily range
11am Support levels sent the Euro crashing upwards through the 5-day 50% level...
The trend is likely to continue up towards Friday's highs (random resistance)...
Whilst Friday's 50% levels are random support zones.
Note;- don't hold shorts above the 5-day 50% level, as the trend bias could continue towards the Weekly highs by next week.
AUD Weekly and Daily cycles
Fake Break pattern in the Weekly cycle (Weekly low) is likely to see more gains on Friday towards the Weekly 50% level.
If there is early weakness during the first 12 hour pattern, then the Weekly lows are seen as support, for a move higher.
Friday's highs random resistance.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
