24th March 2012 Euro & AUd Weekly Reports

Euro Monthly and Weekly cycles

If the Euro is going to continue to move upwards;- March highs...

it will need to breakout of the Weekly highs

AUD Monthly and Weekly cycles

Trend bias is UP towards 1.12...

however, the short-term price action so far suggests the trend drifting towards the 2nd quarterly 50% level and April monthly lows

which will be seen as support for a move upwards.