9th November 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The Euro looks weak, as it trades below Support levels..

it may be a fake break and Friday rises, but at this stage the trend bias is DOWN

AUD Weeky and Daily cycles

November 50% level @ 1.0382 along with the 12 hour channel lows is seen as
Support

  • 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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