15th MAY 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

Weekly lows not supporting the current downward trend.

I still feel that there is a potential swing back towards retest the MAY lows

but at this stage the daily levels aren't providing that set-up 


AUD Weekly and Daily cycles

Looks to be moving down into Tuesday's lows, matched with the Weekly lows (randopm Support)



  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT
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