21st October 2008 AUD & EURO part 2



AUD 14:40

AUD has pushed down from Monday's 3-day filter and is now trading below the brown filter.

Whilst below the brown filter the bias is to move back into the 5-day 50% level.

Coming into the 3pm, Ideally I would like to see AUD from a spiral top under the brown filter and continue down.




Euro 14:40

Trading below Monday's lows and the expectation is hopefully it can continue down into Tuesday's lows.

Have been short since thins morning but looking for a 2nd R41 down move.

Short 1.3340 partial exit 1.3314 + 26 (stops 1.3355)

Hopefully 3 pm can continue down and not UP.