30th July 2010 , Euro AUD, Daily



Euro Weekly and 5-day pattern

Weekly highs reached and now Friday is based on whether it moves towards the 5-day highs and then next week's highs...

or Thursday's failure to remain above the 5-day highs, sees a reversal down into the 5-day 50% level.

Trend guide 1.3701


AUD Weekly and 5-day pattern...

There is a previous Weekly breakout @ 8903 and a retest of the Weekly breakout this week, which should continue to trend upwards and into next week's highs

As long as Friday remains above the 5-day 50% level the trend guide should be back towards the highs on Friday