Euro Weekly and Daily cycles
The Euro has gone from a potential 2-day rise to a 2nd day reversal down into the 5-day lows & Weekly 50% level.
The Trend could form support at these levels and rise upwards...
But the same Weekly level @ 1.3251 could just as easily form resistance and push the trend down into the Jnaury 50% level:- Support
AUD Weekly and Daily cycles
The AUD has rallied with price above yesterday's Weekly level @ 1.0392...
Today:- Random Resistance Thursday's highs
Whilst the 5-day 50% level & Weekly 50% level is seen as Support
