11th December 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The December 50% level continues to support the Euro, and it's going to continue higher
then the levels in the 12 hour range will help (above 1.2935/39)

AUD Weekly & Daily cycles

Weekly cycles suggest the Aussie has stalled @ 1.05

There are two patterns at play today...

#1) Tuesday moves down into the 12 hour support (Random 41 to 84 pips

#2) the 5-day 50% level provides the next leg up, as the trend continues to follow the monthly cycles upwards into the end of December