2nd June 2012 Euro & AUD Weekly Report

Euro Monthly and Weekly cycles

Expectation price is going to complete the MAY break and extend pattern into the June lows.

However, if above the Weekly level, then price could be rising up into the Weekly 50% level (random Resistance).

AUD Monthly and Weekly cycles

Trend bias is down into the Quarterly target matched with the June lows...

as part of the break and extend pattern from the MAY lows

Weekly level is the trend guide:- random Resistance Weekly 50% level.

I think it will be too early to continue up into the June 50% level without hitting the lows first