11th June 2010 Euro, AUD Daily



Euro Weekly and 5-day pattern

Euro finally above 1.2054.

Expectating the euro to continue towards the 3-week 50% level @ 1.2195, but as per weekly report my view is a swing back towards the 3-Week highs @ 1.2458.

Today:- for the euro to move higher it needs to breakout of the 5-day highs.

Therefore there could be a push back down into 1.2054 to verify support.


AUD Weekly and 5-day pattern

Heading towards the June 50% level....

But Thursday could move back and retest the Weekly 50% level @ 83.85