5th July 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Weekly 50% level failed to hold, and its down into the Weekly lows (Random support)

5-day 50% level & 12 hour channels resistance

AUD Weekly and Daily cycles

after hitting the Weekly highs, the reversal pattern is a minimum move down towards the 12 hour blue channels. (& white @ 1.0231)

Once that's complete, then the 2nd 12 hour pattern becomes random.