12th December 2012 Euro & AUD Daily report


Euro Weekly and Daily cycles

Trend bias is up towards the Weekly highs @ 1.3124

However, there could be some short-term resistance around the Weekly level @ 1.30440

Support:- 5-day 50% level

AUD Weekly and Daily cycles

Random Resistance Weekly highs @ 1.0535

But whilst above Tuesday's highs, there's an expectation that the trend will move towards Wednesday's highs

Trailing Support:- Daily 50% levels & also the Weekly level @ 1.0500