15th September 2011, Euro, AUD Daily

Euro weekly and daily cycles

trend bias is to continue up, as part of retesting the September lows and Weekly 50% level by Friday.

Thursday's trend guide is the daily 50% levels


AUD Weekly and Daily cycles

remains weak, with an expectation that the trend will follow a break and extend pattern in the Weekly cycles... or at least towards the Sept lows @ .9885.

daily levels don't provide an ideal set-up...

5-day 50% level and Weekly lows continue to be resistance levels