8th October 2010 , Euro AUD, Daily

Euro Weekly and 5-day pattern

Euro trading around the October highs, completing the break and extend pattern from the previous Quarter.

i'm now looking for reversal patterns in the euro to move back towards the 3-month 50% levels.

first resistance level is around 1.3955-64.

random support:- as shown @ 1.3844.63


AUD Weekly and 5-day pattern

AUD has the same patterns, but there is still the possbility that price continues up towards the October highs next week.

Whilst price is below 98.30

the trend bias is to move back down into the support levels in the 5-day range @ 9726-59