11th Dec 2008 AUD & EUR/USD part 3



EURO Weekly, 3-day pattern and Spiral 16:35

Euro Rally and breaking the 3-week highs, which can lead to more gains towards the December 50% level.

However the UP move has hit Thursday's highs, along with the Spiral filter.

Short 1.3110 (stops 1.3120)

Ideally I would like to see the Euro back below 1.3066, and hopefully back around the 5-day 50% level on Thursday.