23 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Euro has stalled at the August 50% level..

The questions now are...

does it rotate back down into the Weekly highs @ 1.24570?

or does it continue to extend upwards from this week's highs into next week's high?

AUD Weekly and Daily cycles

12 hour channels are seen as random support,

Whilst Thursday's highs Random resistance

  • 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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