6th September 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

Trend guide is simply 1.2866.

It's either going to continue upwards and brerakout of the weekly highs

or reverse down and back into the 5-day 50% level, which price remains below the trend guide @ 1.2894.


AUD Weekly and 5-day pattern

5-day high stall, would normally lead to a 2-day reversal pattern towards the 5-day lows or Weekly 50% level.

The first day would normally try and push back down into the 50% level @ 90.63 to 90.85

Trend guide .9175