21st MAY 2010, Euro, AUD, Daily
Euro Weekly and 5-day pattern.
Euro has continued towards the 5-day highs on Thursday after this week’s reversal pattern from the Weekly lows.
Two patterns to close out the Week:-
1- Continues towards Friday’s highs and the Weekly 50% level @ 1.2709
2. Or price can remain below Thursday’s highs (yellow) and consolidate on Friday around the 5-day 50% level.
AUD Weekly and 5-day pattern.
Expectation price is moving down into next week’s lows…
Yellow trend guide for Friday.
Anything above the yellow and it’s part of a late Friday swing towards next week’s 50% level.