4th December 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

The Euro has continued upwards and stalled at the Weekly highs, which is also the single monthly highs....

The Trend could continue to push upwards on Tuesday, as price is above Monday's highs..

But I would also keep an eye on for a possible Tuesday reversal from those daily highs


AUD Weekly and Daily cycles

Currently supported on its December 50% level awaiting the rate announcement @ 14.30 today,
which will dictate the direction the AUD goes

  • 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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