4th January 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

two patterns at play today..

#1) January 50% level forms support and it rises back up into the 5-day 50% level and 12 hour channel lows (white) & stalls for most of the day

#2) continues down into Friday's lows Random 'swing' Support.

Note:- don't hold longs below Friday's lows, as it could continue down into the Weekly lows


AUD Weekly & Daily cycles

Weekly 50% level and 12 hour channel highs (White) the trend guide and Support for Friday