4th August 2012 Euro & AUD Weekly & Daily reports

Euro Monthly & Weekly Reports

Euro continues to trade between the 3rd quarterly lows, but below the Yearly lows, which is forming a large resistance zone

I'm just not sure the Euro will move above the August 50% level

Euro Weekly and Daily

Next Week:- trend guide the Weekly level @ 1.2368

Random support 12 hour channels

AUD monthly and Weekly cycles

Trend bias is up into the August highs

Random resistance Weekly highs

AUD Weekly and Daily cycles

12 hour channels trend guide

Random resistance Daily and Weekly highs

Note:- Friday 5-day high resistance could lead with a 2-day reversal pattern
if below the 5-day 50% level.

Support 5-day lows