Euro Weekly and Daily cycles
Monthly 50% level and 5-day 50% level are just supporting the current trend..
The Trend bias is UP simply because of that but keep an eye on if it breaks 12 hour support,
as it can follow the 12 hour channel lower (blue)
AUD Weekly and Daily cycles
Yesterday's rate announcement killed the upward trend, even though the Weekly levels were pushing price downward from Monday.
Today:- looks like the daily cycle and Weekly 50% level will push the AUD back down into the Daily lows, and possibly as low as the Weekly lows.
Both those levels are random Support zones
