Euro Weekly and Daily cycles
The euro looks like it could go lower confirmed by a breakout of the 12 hour channels.
However, the July lows @ 1.2230 could continue to support price for 1 more day when the monthly cycles shift lower from tomorrow (1st august)
AUD Weekly and Daily cycles
AUD looks like it will move up into the July highs on the last day...
and then proceed up into the august highs not long after
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
