21st June 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

no change from yesterday's report...

hitting resistance, and trapped within the 5-day range...

needs to breakout of the 5-day highs to get some legs towards 1.2984

AUD Weekly and Daily cycles

Hit the Yearly 50% level and stalled...

I'd keep an eye on the 12 hour channels

and see whether Thursday follows the cycles towards the Daily highs

or dips down into the 5-day 50% level