FOREx EUR/USD 15th September 2008

EURO 14:50

Push up on the euro on Sunday and continuation into the 5-day highs on Monday, reversing down.

high risk short on Sunday above the 3-day highs and no matching filters to take shorts.

No shorts taken on the 5-day highs, as I was away from the screens.

Monday:- brown filter support...

If the Euro is going to continue down on Monday it will need to break the 3-day high filter.

This could happen on a bounce off the brown filter and then a rejection pattern down from the pink....

Preferably as a day-trader I would take the short -term 41 pip swings off those levels