23rd June 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

I would think based on the information of my book that the euro will continue with the rejection down from the June 50% level, and towards the monthly lows (June/July)

however, the Yearly lows could continue to form support..

and next week's 50% level pushes price upwards

AUD Primary and Monthly cycles

Yearly 50% level resistance..

and after retesting the MAY breakout
we should be looking to see whether the trend will continue lower
as part of the monthly break-n-extend pattern

if not, then the 3rd Quarterly 50% level comes into play from the !st of July