Euro Weekly and Daily cycles
The euro has slipped back under the 3rd Quarterly 50% level @ 1.3065...
And the 12 hour channels aren't providing 'long' trade set-ups at this stage.
Today:- 5-day 50% level random support....
if below that support the trend bias is to move down towards the September highs & 1.2869
AUD Weekly and Daily cycles.
2-day reversal has completed after Friday's high pattern...
However, based on the Weekly level and the 5-day 50% level there could be more weakness down towards the Weekly 50% level & Wednesday's lows (SUPPORT)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
