Euro Weekly and Daily cycles
With the amount of negative news coming out of Europe the trend bias looks to be continuing down into the Weekly lows.
It may continue to fall further if shite hits the fan in Greece....
but we also should look for the possibility that price swings back upwards & retests the MAY lows and previous Weekly breakout
AUD Weekly and Daily cycles
Possible support around Monday's lows...
but my view is that it's moving down towards the Weekly lows, before it looks for a possible swing upwards...
and back up into the Weekly level @ $1.0128
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
