3rd February 2012 Daily Report

Euro Weekly and Daily cycles

Euro stuck between levels, (Weekly & Monthly)... and it will eventually breakout of the 5-day range.

At this stage I don't know which way it will go.

Support resides around the 12 hour lows @ 1.30760

AUD Weekly and Daily cycles


Break and extend pattern completed.

As per yesterday's report.... the trend can continue to move up towards February highs

or begin to rotate downward.

either way, 12 hour channels highs is the trend guide.

Random support 5-day 50% level

  • 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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