Euro Weekly and Daily cycles
Does the Euro continue to rise up from a lower weekly open and single monthly low support?
if so, it needs to remain above the 12 hour channel highs (White) and then the 5-day 50% level.
AUD Weekly and Daily cycles
AUD is currently consolidating above higher timeframe support...
and if it's going to continue to move upwards...
then today's 5-day 50% level at 11am will be the deciding factor.
first target remains the Weekly 50% level, as per Weekly report
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
