Euro Monthly & Weekly cycles
Extremely bearish as it closes below Support...
However, there were similar patterns in Gold & Silver last week, that didn't continue lower.
Therefore, we should continue to trade the trend but be aware that it might not continue lower
AUD Monthly & Weekly cycles
Doing it's best to remain above the monthly 50% levels....
but be aware that a higher step formation in monthly cycles often result in the 2nd week of the month reversing and continuing lower.
Weekly 50% level is the trend guide
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
