29th March 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

based on the current patterns within the daily and Weekly cycles...

today looks like it could be choppy...(focus on 41 pips during 4 hour patterns with the 12 hour ranges)

Random support the 5-day 50% level.

Could dip down into the Weekly level @ 1.3255 (support)

AUD Weekly and Daily cycles

Trend looks to be moving down into the Weekly and Daily lows :- random support. (41 to 85 pips)

As we can see the past 3-weeks has resulted in Thursday closing below the Weekly lows, and then Friday reversing upwards.

As per Weekly Report, current price action looks to be drifting down towards the 2nd Quarterly 50% level in April

• 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