Euro Monthly and Weekly cycles
Based on the monthly cycles, the trend looks like it will continue down into the MAY lows..
Short term trend guide is based on the Weekly level @ 1.3064
Whilst the Weekly 50% level is seen as resistance
AUD Monthly and Weekly cycles
Failure to hold support on Friday, doesn't bode well for the overall Primary trend of moving up towards 1.12 during this year.
A break of 2nd Quarterly 50% level, along with the Weekly lows/single monthly lows will put pressure on the AUD to move downward.
Short-term patterns:- we need to keep an eye on next week's lows @ 1.0121 forming support, for a possible retest of last week's breakout @ 1.0247/73
