Euro Weekly and Daily cycles
5-day 50% level did act as resistance, but it's now caught in a tight range...
based on the Weekly levels and daily cycles I'm not sure which way currencies will travel...
There could be further weakness if currencies follow the same patterns as Index futures markets.
However, we don't have the same 5-day breakout patterns in Forex
AUD Weekly and Daily cycles
Trend guide 12 hour 50% level down into Wednesday's lows...
Weekly 50% level is also the trend guide @ 1.0460
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
