Euro Weekly and Daily cycle
The Euro is range bound between a number of key levels that are acting are support & acting as resistance, and this may continue on the last day forming a 'NO CONTROL' weekly pattern.
however, it could also see a last day of the Week rise upwards:- higher Friday close. (5-day breakout)
I would focus on the 12 hour channels (41 pips), and then wait to see if there's a 12 hour breakout in the 1st half of the day, and then try and jump on in the 2nd 12 hour using friday's highs as support
AUD Weekly and Daily cycles
Weekly and Daily 50% levels suggest Friday is moving down into Friday's lows (random support)
However, above the 5-day 50% level, and first target is Friday's highs...(random resistance)
and adjust during the 2nd 12 hours if there's a breakout of the highs
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
