31st October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Weekly 50% level is the resistance level in the Euro...

but the 5-day 50% level and 12 hour channel highs will determine whether there's more upside on Wednesday or not

AUD Weekly and Daily cycles

Same applies on the AUD, as it's also hitting resistance within the Weekly cycles @ 1.0379

5-day 50% level is the trend guide

  • 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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