Euro Monthly and Weekly cycles
S&P downgrade of the French sent the Euro back down into the January lows once again.
There are 2 patterns at play next week....
#1) January lows supports the trend and slowly rotates upwards, using the Weekly levels as trend guides.
#2) Continues down into the 2012 Yearly lows @ 1.2546
AUD monthly and Weekly cycles
2012 Yearly 50% level Support of the Aussie dollar is failing to get the Thrust pattern moving upwards. (Trending pattern of 3-weeks)
Instead it has been floundering within the Weekly cycles.
If it's going to breakout of the Weekly highs, then it might happen the closer it comes to the end of the month.
Two Support patterns:- Weekly 50% level
& Weekly lows Matched with the January 50% level.
