8th MAY 2012 Euro & AUD Daily reports


Euro Weekly and Daily cycles

Tuesday could begin with some short-term weakness during the 1st 12 hours...

However, the single monthly low @ 1.3011 could step in with some support, resulting in more gains during the 2nd 12 hours

AUD Weekly and Daily cycles

Same applies in the AUD....

possible short-term weakness but then the MAY lows supports the trend @ 1.0186...

as part of price moving up towards the previous Weekly low breakout @ 1.0266

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 midnig
    ht GMT
  •