7th January 2012 Euro & AUD Daily reports

Euro Weekly & Daily cycles

As noted in the Weekly report, the Primary cycles are up, but it's whether the Euro continues up
or moves down to test those Yearly 50% levels...

Trend guide is the Weekly level and 5-day 50% level


AUD Weekly and Daily cycles

As noted in the Weekly report, the trend bias is up into the January highs..

However, current price action suggests the today could remain in between the Weekly 50% level and the Weekly level @ 1.0515.