Euro Weekly and Daily cycles
Trend guide Weekly highs, and whilst above those highs the trend could extend towards higher highs next week.
However, the august 50% level and Wednesday's highs are seen as resistance.
Random support:- 5-day 50% level
AUD Weekly and Daily highs...
I'm not sure the AUD will move beyond the Weekly 50% level.
I would have been more confident if it had bounced off the Weekly lows.
However, the 5-day 50% level and 12 hour channels are seen as support
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
