19th June 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Surprisingly the Euro didn't muster a move upwards after the Greek Election Results...

as the Weekly highs and June 50% level pushed price back down

Weekly level @ 1.2633 and 5-day 50% levels looks to be fomring resistance for a move towards the Weekly 50% level

AUD Weekly and Daily cycles

Remains above the June 50% level...

Weekly highs and Tuesday's highs are seen as resistance.