9th August 2010 , Euro AUD, Daily



Euro Weekly and 5-day pattern

Heading higher based on price trading above the Weekly and Friday highs.

However, whilst price is below the brown filter the euro can move back down into the red channel high @ 1.3239, which matches the 5-day 50% level.

Those levels are seen as support for Monday


AUD Weekly and 5-day pattern

Because of the Friday high, i'm looking at the AUD starting this week with a 2-day reversal using 9188 as resistance and trend guide

Towards the 3-day lows.

random support the 5-day 50% level @ 9156