7th March 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

March 50% level didn't support the trend...

and because of Tuesday's breakout, it looks like it's moving down into Wednesday's lows

trend guide 12 hour 50% level, which the March 50% level becomes the resistance zone

AUD Weekly and Daily cycles

Daily and Weekly lows didn't support the trend, and it now looks like it's moving down towards the MARCH 50% level.

Trend guide the 12 hour 50% level (blue)

Wednesday's lows random support, along with the MARCH 50% level.

Note:- Weekly lows can form resistance for the rest of the Week