2nd January 2012 Euro & AUD Daily reports


Euro Weekly and Daily cycles

It depends on where the Euro opens, but I still have the view that it's trying to rise helped by Friday's low support

It above the Weekly level @ 1.3251 trend bias is UP

AUD Weekly & Daily cycles

A noted on Monday, my view was that the December 50% level @ 1.04 would form resistance for 1 more day...

and now the January 50% level is the trend guide, and potential Support @ 1.0371 if it opens around that level.

Otherwise the Weekly level @ 1.0392 is the trend guide

Target Weekly 50% level