5th February 2013 Euro & AUD Daily reports

Euro Weekly & Daily cycles

The euro looks like it's moving down to retest the January high breakout, or the Weekly 50% level

5-day 50% level is resistance

whilst Tuesday's low are random Support


AUD Weekly & Daily cycles

Trend bias is Weak, but as mentioned yesterday, the Aussie dollar looks like it's rising upwards:- 2 day rise

if above the daily channels & February 50% level, then the Weekly 50% level is resistance

if today is trading below Monday's lows @ 1.0487
then the trend bias is down