28th MAY 2012 Euro & AUd Daily reports

Euro Weekly and Daily cycles

Whilst the Euro is above the Yearly lows @ 1.2546 the trend is looking to move up towards the June 50% level.

However, the 12 hour channels aren't providing the ideal set-up for upwards gains ;- Random resistance


AUD Weekly and Daily cycles

Weekly level is the trend guide, along with the 5-day 50% level


  • 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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