25th February 2012 Euro AUD Weekly Reports

Euro Monthly Weekly cycles

previous monthly cycle pattern didn't eventuate, as this week continued higher and is moving towards the 1st Quarter 50% level.

The Quarterly 50% level and next week's highs is seen as a resistance level, for a retest of this week's breakout


AUD Monthly and Weekly cycles

Trend bias is to continue up to the Yearly highs @ 1,12...

Expectation that it's following the March cycle and continuing up towards the highs, with the best set-up being the Weekly lows as support.

However, if above the Weekly 50% level the trend bias is to move upwards in the last week of February