31st MARCH 2010 Euro AUD Daily

Euro Weekly and 5-day pattern

Bearish on the Euro...

Looking for set-up A to play out:- continuation of the trend down

SET-UP B:- bounces off the 3-day lows and swings back towards the highs

AUD Weekly and 5-day pattern

2-day stall above the 3-day cycle will remain above the 5-day 50% level.

2-day reversal after the change of cycle can revisit the 3-week 50% levels (green).

Resistance:- weekly highs

Random support:- 5-day 50% level.







  • 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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