Euro Weekly and Daily cycles
Price action suggests that the Euro will continue to move back up towards the Weekly 50% level :- random resistance.
However, if it's below the 12 hour channels (White), then it could see added pressure to continue down into Thursday's lows, which is a similar pattern occurring in US index markets.
AUD Weekly and Daily cycles
Current price action in the AUD is about retesting the previous Weekly breakout @ 1.0291
if that's the case then it's following the 12 hour channels upwards...
Below the 5-day 50% level, and it's moving back down into the 12 hour channel lows:- random Support
