Euro Weekly and Daily cycles
Trend bias is down into the June lows
but it needs to be under the 12 hour support level @ 11am, which also is below the Quarterly lows.
otherwise the first 12 hours could push up towards the Weekly level @ 1.2481 (resistance)
AUD Weekly and Daily cycles
Trend bias is down into the Weekly and Monthly lows
but the 12 hour and and Weekly level @ .9670 could form a random support zone...
Not sure whether price will be trading above the 5-day 50% level and 12 hour channel highs:- Resistance.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
