8th November 2012 Euro & AUD Daily Report

Euro Weekly and Daily cycles

The Euro is back down into Critical Support....

However, the Daily cycles aren't providing a robust 'long' set-up, as it looks like
the trend could follow the daily cycles towards Thursday's lows


AUD Weekly & Daily cycles

Weekly highs continue to define whether the trend will breakout and extend towards new highs next week..

or currently it looks like a 'Fake break', and the next 2-days move downward, if it's below 1.0422

12 hour channels (white) are the trend guides


  • 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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