Euro Weekly and Daily cycles
Surprised that the Euro didn't continue higher on Wednesday using the August 50% level as support, however 1.2546 is also the 2012 Yearly lows, so that could be a reason why the Euro didn't follow through.
The question now is....
do those two levels push the Euro down into the start of September (next week).
Resistance 1.2540/46
random 4 hour support around the 12 hour channels (white)
AUD Weekly & Daily cycles
AUD not showing in buying strength, other than random support around the Weekly levels.
Thursday's 5-day lows Support...
Don't hold longs below those lows, as it will be a weekly and daily breakout:- break c& extend pattern
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
