2nd June 2010, Euro, AUD, Daily

Euro Weekly and 5-day Range

With Monday's price action I would look for a potential swing towards the Weekly 50% level, confirmed with a 4 hour close above the 5-day 50% level and then a retest as support.

Random resistance the 3-day highs (Blue)

Below the Yellow and the bias is to push back down.

At this stage the Euro looks to be consolidating until the end of the week.

AUD Weekly and 5-day pattern.

Whilst below .8423 the bias is to continue down towards the Weekly lows.

Trend guide Wednesday’s 50% level @ 8363-68

Random support Wednesday’s lows