20th June 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

The Euro Fooled me again with yesterday's up move after Monday's trading looked bearish.

The Weekly highs may continue to act as resistance, along with the June 50% level.

However, if above then the Euro is making a play for the MAY low Breakout @ 1.2984

AUD Weekly and Daily cycles.

Strength in the Aussie dollar continues, with price breaking out of Tuesday's highs...

I'm not sure how much more upside there is...

as the AUSSIE dollar will be hitting higher timeframes 50% levels shortly

Yearly 50% level @ 1.0222

&2nd quarterly 50% level @  1.0273