1st December 2012 Euro & AUD Weekly Reports

Euro Monthly & Weekly cycles

Tredn bias is up ionto next week's highs and the single monthly high @ 1.3075, which is seen as a resistance point for a number of days...

before it continue up into the December highs

AUD Monthly & Weekly cycles

December 50% level and Weekly 50% level is seen as Support...

and for the trend to continue upwards...

Note:- if below those levels, then 4th Quarter support reside around the single monthly lows @ 1.0300