22nd February 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

stuck betweem a rock and a hard place without any clues on which direction it will take...

I would use the 12 hour channels as random support

and try and work within the 12 hour channels until it clears up


AUD Weekly and daily cycles

looks to be moving lower (weekly lows by Friday)

Weekly 50% level and daily 50% level resistance levels

random support Wednesday's lows


  • 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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