17th July 2012 Euro & AUD Daily Reports

Euro Weekly and Daily cycles

Random resistance the Weekly level @ 1.2293

Random Support the 5-day 50% level...

With the Expectation that the Euro is moving up towards the previous Weekly lows

AUD Weekly and Daily cycles

Trend bias is up...

but I would still like to see the AUD hit the Weekly 50% level @ 1.0186

Random resistance Weekly level @ 1.0340 & Tuesday's highs


  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT


  • Exact levels shown for current day aren't confirmed until midnight GMT




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