12th June 2012 Euro & AUD daily report

Euro Weekly and Daily cycles

The euro couldn't make it into resistance levels (June 50% level)...
and has proceeded to move lower.

Below the Weekly 50% level & 5-day 50% level and the trend bias is down into the Weekly level @ 1.2396
as part of a potential move towards the Weekly lows.

Random support Tuesday's lows

AUD Weekly and Daily cycles

Support levels failed on Monday, and the trend has continued down as part of the monthly cycle patterns.

5-day 50% level is the the trend guide.

Random support Weekly 50% level and Tuesday's lows.