Euro Weekly and Daily cycles
Monthly & Weekly cycles suggests further weakness....
however, if it's above the 5-day 50% level and the Weekly level @1.2727 then the bias is to rise towards the Weekly 50% level:- Random Resistance
AUD Weekly & Daily cycles
Friday low could see the start of the week rise upwards for 2-days, or move into a 2-day stall pattern with an upwards bias...
However, the November 50% level and Weekly 50% level is seen as resistance...
and as noted in the Weekly Report, the Monthly cycles are also projecting further weakness:- Higher step formation, as described in the Book
