9th January 2013 Aud & Euro Daily report

AUD Weekly & Daily cycles

12 hour support but a failure to move up above the Weekly level @ 1.0515

Same pattern today as yesterday...

12 hour support or it's down into the Weekly 50% level

Euro Weekly & Daily cycles

I'm still bullish on the euro because of the Primary cycles, and also the Monthly 50% level..

but it needs to be trading above the 5-day 50% level, which we  can now see has dropped lower.

12 hour support shown in the right