Euro Weekly and Daily cycles
Trend bias is up towards the October highs...
however, there is a Friday high 'stall', which could result in the first 2 days of the week moving lower....
Random Support 12 hour channels
Above 1.3073 and trend bias is UP
AUD Weekly and Daily cycles
We have the opposite pattern in the AUD (Friday low)...
This could see a 2-day counter-trend move upwards, as part of retesting last week's breakout @ 1.0291
(Note:-) could even go as high as the Weekly 50% level (3 day rally)
12 hour level is the trend guide on whether it does rise, or follow the trend down into Monday's lows
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
