Euro Monthly and Weekly cycles
Monthly cycles aren't showing bullish signs, as it hasn't broken out of the single monthly highs, and it has struggled to close above the Yearly lows, which has been acting as resistance.
However, the Weekly cycles are showing some strength (breakout)...
Therefore, next week's level @ 1.2468 is a random support pattern thatr could extend upwards...
Note:- don't hold longs below that level, as the higher timeframes (Monthly & Yearly) and driving the Euro lower (Resistance)
AUD monthly and Weekly cycles
the AUD has finally reached the Weekly lows (Support)...
That means that if it's above the Weekly level @ 1.0471, the expectation is that the trend is going to continue higher going into the end of this month and into the next.
if below, price is revisiting the 3rd Quarterly 50% levels
