12th July 2012 Euro & AUD Daily reports

Euro Weekly and daily cycles

Random Support around the July lows @ 1.2230

however, if below the 12 hour levels, then the trend bias is down into Thursday's lows, which goes close to matching the Weekly lows:- break and extend pattern from last week's breakout.

Weekly lows Support

AUD Weekly and Daily cycles

Weekly 50% level Support could see the AUD move higher this week...

However, the Weekly level @ 1.0286 along with Thursday's higher could slap the trend back down once again.

Short term trend guide @ 11am using the white channels (upward bias?)