Euro Weekly and Daily cycles
After yesterday's price action I would treat Wednesday as an UP day...
using the 5-day 50% level as support, and the Weekly level @ 1.2293 as the trend guide.
if Wednesday breakouts of the 5-day highs, then the 5-day highs in the 2nd 12 hours becomes support for a continuation upwards on Thursday:- break & extend pattern
AUD Weekly and Daily cycles
Random resistance Weekly and Daily highs @ 1.0355
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
