10th February 2012 Euro/AUD Daily report

Euro Weekly and Daily cycles

random resistance Daily and Weekly highs, the may breakout and move higher (2nd 12 hour pattern)

trend guide 11am upper channels

Support, 11am lower channels and February 50% level.

AUD Weekly and Daily cycles

2nd monthly wave pattern complete at the February highs...

next week's levels will determine whether the trend rotates downward before it moves up towards 1.12 by the 2nd quarter.

Today:- trade the 12 hour levels using the daily 50% levels as trend guides


  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT



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