26th July 2012 Euro & Daily reports

Euro Weekly and Daily cycles

Random resistance @ 1.2194.

Note:- don't hold shorts above it during the 2nd 12 hours today (11pm), as the Euro could move into a 3-day counter-trend move upwards...

which takes it towards the 5-day highs.

AUD Weekly and Daily cycles.


AUD failed to reach the Weekly lows (Support)

And now the Weekly 50% level is seen as Support @ 1.0256

whilst the Weekly level @ 1.0365 is seen as random resistance.

Note:- AUD could remain within the 12 hour channels (white) (choppy)


  • 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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