Euro Monthly and Weekly cycles
Trend bias is down, as part of the break and extend pattern from the MAY lows into the June lows.
However, there is 1 week to go in MAY, and often price can rotate upwards into the following monthly 50% level...
and then once again rejected down into the June lows, completing the break and extend pattern :- SUPPORT
AUD Monthly and Weekly Cycles
Same applies in the AUD...
Trend bias is down into .9426
Weekly levels will define whether the last week of the month continues down or rotates upwards into the June 50% level.
