4th February 2013 AUD & Euro Daily Reports

AUD Weekly & Daily cycles

February 50% level sell down on Friday has a trend bias to continue down into February's lows

However, Friday's low support could see this week begin with a 2-day rise.

Therefore the trend guide is based on the Weekly level @ 1.4070 & also the 5-day 50% level

Euro Weekly & Daily cycles

Trend bias is up into February's highs, which is seen as resistance, and then my view is that it's coming back down to retest the January high breakout  @ 1.3379.

Helped by patterns in the 5-day cycle