16th June 2012 Euro and AUD Weekly Reports

Euro Monthly and Weekly cycles

Greek election this weekend...
and this will determine whether the Euro continues back towards the single monthly highs, which matches the MAY breakout

or price remains below the Weekly level, and heads down into the June lows.

Note:- Primary cycles (Yearly lows) suggest it's trying to rise upwards

AUD Monthly and Weekly cycles...

Single monthly highs (RED) and Weekly highs are seen as resistance until July

Trend guide the Weekly level @ 1.0018