Euro Weekly & Daily Cycles
The Euro continues to flounder below the November 50% level and with a trend bias to move down into This week's lows.
Tuesday's 5-day low support could result in some early 12 hour upside moves, but I'm struggling to see the Euro move higher than the November 50% level.
Resistance:- 1.2801
AUD Weekly and Daily cycles...
The AUD remains in an uptrend, but for the trend to continue higher it needs to breakout of Wednesday's highs and the Weekly level @ 1.04410 (Resistance)
Mixed patterns for today
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
