18th February 2012 Euro & AUD Weekly reports

Euro Monthly and Weekly

I have the view that the Euro is trying to move lower within the monthly cycles

and if it's going to continue higher, then the March single monthly lows (red) could provide the support pattern for a rise towards the 1st quarter 50% level

AUD Monthly and Weekly

My view continues to be down....

However, next Week's 50% level could push the AUD back up towards the highs