11th July 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Random support July (monthly and Daily lows)

but the position of the 12 hour channels doesn't provide any leads to whether it will reverse upwards...

However, we should be looking for a potential move upwards retesting the previous Weekly low breakout

AUD Weekly and Daily cycles

11pm resistance, but the Weekly 50% level continues to support the trend.

my view is that price will try and remain within the 12 hour channels (White)

Random resistance the 5-day 50% level