21st December 09, AUD, Euro Daily

AUD Weekly and 5-day pattern

Based on the Weekly close and Thursday's 5-day breakout, I would have to favour that Monday is push down into the 5-day lows.

There's no higher timeframe support levels that favour a move upwards on Monday.

Monthly 50% level @ 89.40 and 5-day 50% levels are the trend guides.

Euro Weekly and 5-day pattern

Based on the price action around the December lows and Friday's 5-day pattern....

I would favour a move upwards, as part of a 2-day counter-trend move back towards the Weekly 50% levels.

Yellow levels are the trend guides