16th July 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles..

As per Weekly Report, my view is  that the Euro will move upwards...

But today, price could remain range bound between July lows (Random Support @ 1.2230)

and the Weekly level @ 1.2293

AUD Weekly and Daily cycles

Trend bias is UP towards the Weekly level @ 1.0304

with the possibility that price revisits the Weekly 50% level this week.

Daily 50% levels random Support