28th January 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

rotating back towards the January 50% level....

and then my view is that it could stall and rotate down over the next 5-days.

if the Euro is going to continue higher or not will be based on the week after next.

AUD Weekly cycles

Trend bias is to move up (2-month wave pattern)

hopefully price retests this week's breakout before it completes the 2nd wave pattern in February.

over all target for 2012 remains $1.12