Euro Weekly and Daily cycles
Yearly lows haven't played a support role, and it now looks like it will dip down into the Quarterly lows...
matched with Friday's lows:- random Support.
There is still the view that price will swing up towards the June 50% level (next months level)..
but daily patterns aren't providing the confirmation.
AUD Weekly cycles & Daily cycles
Weekly lows supporting the AUD, but I have the view that the overall trend looks to be moving down into the Yearly lows.
That could happen next week, or price could rise upwards into the June 50% level, (next 5-days) and the once again be rejected down into those Yearly lows
Note sure how Friday will play out, as there are random support and resistance levels using the 12 hour channels in the daily range.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
