6th August 2010 , Euro AUD, Daily



Euro Weekly and 5-day pattern

Euro back around the key level @ 1.3191 and being the last day of the Week is either going to follow my view of reversing down...

or it's heading upwards, whilst price remains above 1.3177

confirmation of the down trend will need to begin with a break of the 5-day lows, beginning with a break of support.

AUD Weekly and 5-day pattern

Has stalled around resistance levels @ 9188, as per Weekly report.

but so far nothing to help validate a reversal pattern.

5-day 50% level the trend guide.