12th Dec 2008 AUD & EUR/USD part 4



AUD 15:25

AUD fails to hold the 5-day 50% level and is moving back down into Friday's 3-day lows.

At this stage it's a fake break of the Weekly highs (without a Friday close above).

Bearish pattern is a breakout of Friday's lows.



EURO reverses down from a 3pm high but without me on it after taking out me trailing stop.

Target is minimum move @ 1.3219 and down into the 5-day 50% level.