29th June 2009 AUD, EUR Daily

AUD Weekly and 5-day pattern

Higher Weekly open moving back down into the Weekly 50% level @ 8012...

At this stage the Weekly 50% level is a trend guide, but if it's going to follow any continuation upwards this week, it will need to be trading above the Yellow 3-day filter on Monday



Euro Weekly and 5-day pattern

Higher Weekly open and pushing down from the Yellow filter @ 1.4070 and back into the 3rd Filter @ 1.4017

In the Weekly report I mentioned that I'm bullish on the Euro, but price needs to find support above 1.4017 and get back above the Weekly 50% level...

Otherwise, it's following a higher Weekly open 'sell' down pattern, and looking at the Monday levels, I'm starting to feel that it might be a 'sell' down pattern towards the July 50% levels