10th March 2012 Euro & AUD Weekly reports

EURO Monthly and Weekly cycles

If the Euro is going to continue higher, using the MARCH 50% level & lower Weekly open as support....

Then it's going to be helped by next week''s Weekly level @ 1.3160..

otherwise it can dip down towards the single monthly lows @ 1.29630


AUD Monthly and Weekly cycles

This week's lows failed to push the AUD upwards on Friday, instead closing on it's daily lows



next week's level @ 1.0570 will define whether the trend continues upwards...(lower Weekly open and towards a higher Weekly close)

or
 follows a 2 week cycle pattern down into next week's lows (random Support)