Euro Weekly and Daily cycles
The Euro continues to fail to move upwards and retest the previous Weekly breakout.
I still have the view that it will try and do that, but the risk of that not happening increases, as there could be a break of the July lows Support in the last week of the month, and then an extension towards lower lows in August.
As noted in the Book...
there is either going to be a last week rise,
or a break and extension towards lower monthly lows, as price is trading below the 2012 Yearly lows
AUD Weekly and Daily cycles...
Trend bias is up into the July highs,
whilst this week's highs forms a support zone @ 1.0355
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
