Euro Weekly and Daily cycles
12 hour channel provided minor support, and the Euro is back down into the Weekly level @ 1.24540
hard to tell whether the Euro will rise up from this level once again, helped by the 12 hour channels
or continue lower
AUD Weekly and Daily cycles
Weekly level @ 1.0125 and Thursday's highs resistance..
obviously don't hold shorts if above those levels.
my view is that the trend is trying to move lower, based on the Yearly 50% level rejection pattern last week
