Euro Weekly and Daily cycles
The Euro continued down into the Daily lows on Tuesday (random Support), but without the HOOK pattern forming...
At this stage the first 12 hours looks like it can follow the daily cycles down into Wednesday's lows
12 hour channels (white) :- random resistance
AUD Weekly and Daily cycles
The AUD at this stage can't continue upwards, as part of a 3-day counter-trend move because the 4th Quarterly 50% level @ 1.0208 is forming resistance.
Not sure how Wednesday will play out...
Random 41-84 pip support around the 12 hour channel lows @ 1.0157/65
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
