6th August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

As per Weekly Report, I don't think the Euro will break the Weekly highs and August 50% level @ 1.2496.

Dont hold shorts above Tuesday's 5-day highs

AUD Weekly and Daily cycles.

Trend bias is UP....

Support 1.0506.

Random Resistance Weekly highs





  • 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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