Euro Weekly and Daily cycles
Support continues to reside around the Weekly level...
whilst the 5-day 50% level is a random support level @ 11am
AUD Weekly and Daily cycles.
lack of Support in the AUD around critical levels...
Doesn't bode well in previous occassions when these patterns appear.
Trade on the side of Support 1.0241
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT