20th MAY 2010, Euro, AUD, Daily



Euro Weekly and 5-day pattern

Yesterday's view was above the Yellow and possible swing back towards the 3-day highs.

Thursday:- there is no probability pattern based on the levels in the higher timeframes.

5-day 50% level is the trend guide:- 41 to 85 pips



AUD Weekly and 5-day pattern

Breakout of the lower channels (.8653) and expectation price is heading down into next week's lows.

Ideal pattern would be a swing upwards some time this week (Friday) and use those levels as resistance.

Yellow trend guide @ 8515.

Price can continue down into Thursday's lows, just limit any shorts whilst above .8515