Euro Weekly and Daily cycles
Based on the Weekly cycles, the trend bias looks to be moving down...
defined by the 5-day 50% level.
However, if US Index markets continue upwards on Friday, currencies could align with the same trend.
Therefore if above the 5-day 50% level & 12 hour channels, then the bias is UP
AUD Weekly and Daily cycles
looks to be moving upwards on Friday...
Random Resistance Weekly highs 1.04420
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
