10th MARCH 2010 Euro AUD Daily
Euro Weekly and 5-day pattern
Continue to be bearish whilst price is trading below the 50% levels & focusing on 41-85 pip ranges.
Because the 3-day cycle is a BUY (white below), don't short-trade above the Yellow, as price will be back above the 5-day 50% level and Weekly 50% level @ 1.3616.
AUD Weekly and 5-day pattern
Breakout of the Weekly highs and 5-day highs on Tuesday should continue to move higher...
However, there's not an ideal set-up to trade longs, if you aren't alreadly long from the 5-day 50% level.
Trend guide the Weekly highs.