8th Dec 2008 AUD & EUR/USD part 2



AUD 3-day pattern 15:05

AUD pushed up early on Monday, as per of the previous report.

no set-ups to trade longs as yet.

Euro 3-day pattern

Euro break of the 3-day filter and expectation of a higher move.

3pm spiral top

short 1.2778 (stops 1.2787 -9)

looking for 41 pip reversal.

but not surprised if stopped out