18th MAY 2012 EURO & AUD Daily report

Euro Weekly and Daily cycles

The Euro is looking to continue down into it's Yearly lows @ 1.2546

Random Support Friday's lows.

Trend guide 11am levels, with the possibility if above it's moving towards the 5-day 50% level  (random Resistance)


AUD Weekly and Daily cycles

Looking to move down into its yearly lows @ .9370 (Quarterly @ .9464)

Trend guide 11am levels

Random Support Friday's lows...

hard to tell whether it will move higher than the 5-day 50% level, as it aligns with the Weekly lows.



  • 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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