28th July 2012 Euro & AUD Weekly report

Euro Monthly & Weekly cycles..

The Euro could continue to swing upwards after reaching the 3rd Quarterly lows @ 1.2085

But it could also struggle to break the Weekly highs and also the single monthly lows (RED @ 1.2417) for the next 5-days

AUD Monthly and Weekly cycles

likely to continue up into the July highs 1.0546 by the end of the week...

and then up into the August highs the week after next.

Support 1.0470 (Weekly level)