23 November 2010, Euro, AUD, Daily

Euro Weekly and 5-day pattern

Euro is back trading below key levels in the monthly timeframe.

currently the market is also trading below the levels in the 5-day range and also the Weekly level @ 1.3628.

I would like to think the Euro is moving upwards, but not unless  price is trading back above 1.3654.

At this stage it looks to be moving down into the channel lows @ 1.3523

AUD Weekly and 5-day pattern

At this stage price is supported at the 5-day 50% level, but being pushed towards the weekly level @ 9787

Random pattern for the first 12 hours using .9881 as the trend guide