11th Dec 2008 AUD & EUR/USD part 2

AUD 3-day pattern 11:40

3-day filter resistance...

but no spiral filter matches atm



Euro 3-day pattern

Expectation that Euro is moving back down into the 5-day 50% level after reaching the Weekly highs.

Been short @ 1.3023 since this morning.

Euro is either going to continue down into 5-day 50% level in this 4 hour period, or it won't surprise me to see a retest of the Weekly highs again early Thursday.

Target and partial exit 1.2995 and hold into 1.2910

Stops 1.3031 -8