Euro Weekly and Daily cycles
Weekly 50% level could be the spring board for a move upwards into the close of the 3rd quarter:- higher Friday close.
However, the Daily cycles suggests that the 12 hour patterns and 5-day 50% level could act as resistance,
and see price move down into Tuesday's lows:- Random Support
AUD Weekly and Daily cycles
Same pattern in the AUD:- Weekly 50% level
But it needs to break the 5-day 50% level and 12 hour channels for a move up towards the Target zones once again.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
