20th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

Breakout of Tuesday's lows and heading down into Wednesday's lows

Random support @ 1.3625-43. (first 12 hours)

Trend guide @ 1.3772 (first 12 hours)

Note;- we are trading a larger trend reversal that has a bias to move down into a lower Friday close.

This could see the 3-week lows support the euro @ 1.3449.

Or it can see the 3-week lows breakout and continue to trend lower this week, as part of a larger reversal pattern towards the 3-month 50% levels.

AUD Weekly and 5-day pattern.

Same applies on the AUD:- trend guide 9725-31

random support Wednesday's lows, which matches the weekly lows

There is a larger trend reversal pattern that can see the AUD much lower this week by Friday, as per Weekly report