8th September 2010 , Euro AUD, Daily


    Euro Weekly and 5-day pattern
    I didn't factor in a 2-day reversal on Euro this week, but it has followed a move down into the 5-day lows.
    Euro is either going to continue down into the September 50% level and 3-week lows, which is seen as major support @ 1.2628
    or it can swing up from the 5-day lows and have a higher daily close:- 5-day 50% level to 1.2830
    Trend guide:- 1.2693
    AUD Weekly and 5-day pattern
    I did factor in a 2-day reversal on the AUD and that has now completed.
    Trend guide is simply the 5-day 50% level:- either way @ 9118
    no probability on whether price swing back into the 3-day highs or down into the 3-day lows (blue channels)