29th October 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Monthly cycles has the Euro in an UP trend...

Weekly cycles has the Euro below the Weekly 50% level, which could send the trend downward (1.2870)

However, there is a Friday low support pattern that can lead with a 2-day rise to start the week off.

Therefore trend guide is the 12 hour channels @ 1.2931
and it needs to break the 5-day 50% levels (weekly 50% level)


AUD Weekly and Daily cycles

Monthly cycles are UP (1.0340)

Trend guide is simply defined by the Weekly level @ 1.0379

Random Resistance Weekly highs

Trailing 12 hour support as shown