28 August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Euro moving down into the Weekly levels, which aligns with the previous Weekly highs @ 1.2457/68

This is either going to support the Euro and push it higher..

or the August 50% level is pushing the Euro back down towards the September 50% level by Thursday

AUD Weekly and Daily cycles

Aussie Dollar not showing a 'bullish' pattern, with last week's lows failing to continue higher from this week's level @ 1.0419.

Random support this Week's lows & Daily lows...

keep in mind that price could follow the Monthly cycles and move down towards the 3rd Quarterly 50% level, as shown in the Weekly report










  • 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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