21st July 2012 Euro & AUD Weekly report

Euro monthly and Weekly cycles

my view was that the Euro would try and move higher to retest last week's beakout,
but that failed because price was trading below the Yearly lows @ 1.2546

3rd Quarterly lows and next week's lows random Support

AUD Monthly & Weekly

Weekly highs @ 1.0360 should support the Aussie dollar and complete the break and extend pattern into next week's highs...

And with the expectation that the trend will extend up into the July & August Highs :- (2-month wave pattern)