Euro Weekly and Daily cycles
Weekly level Support @ 1.3286, and it's now the 5-day 50% level that will decide whether the trend will continue to move up towards the Weekly highs or not
AUD Weekly and Daily cycles
Trend bias is down before it potentially continues higher, as per Weekly Report.
However, a breakout of Tuesday's highs will attract more buying, as it begins to trade above the Weekly & Monthly 50% levels
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT