15th MARCH 2010 Euro GBP AUD Daily

Euro Weekly and 5-day pattern

Bearish on the Euro with the expectation price is heading down into the March lows. (as per Weekly report)

currently the Weekly 50% level is supporting the market, but I have to favour more downside.

The trend guide should be 1.3702

If price is rising up from the 5-day 50% level on Tuesday and trading above 1.3702 then Tuesday could end up a choppy trading day.

However, I wouldn't be trading longs.

GBP monthly and Weekly

Same view of heading lower....


AUD Weekly and 5-day pattern

Same bearish patterns aren't in the AUD.

Monday moved down and hit the 3-day lows and in theory should follow the Weekly high breakout from last week and continue higher this week.

However, the Yellow filter can act as resistance:- 41 & 85 pips.







  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT



  • Exact levels shown for current day aren't confirmed until midnight GMT




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