Euro Weekly and Daily cycles
The euro continues to struggle to rise, whilst the July lows continues to support price
I still have the view that the Euro is trying to move up towards the previous Weekly low breakout
Daily channels aren't providing ideal set-ups for that to happen
AUD Weekly and Daily cycles
Trend has moved beyond the Weekly highs, and is trading above Wednesday's highs
Trend guide remains the Weekly highs @ 1.0355 (if below short-term weakness)
but whilst price is above Wednesday's highs, price is following the daily cycles up towards Thursday's highs.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
