25 November 2010, Euro, AUD, Daily


Euro Weekly and 5-day range.

Trend guide remains bearish as per the monthly charts, and currently trading below the Weekly lows.

At this stage there’s nothing to suggest upside other than short-term up moves.

Currently there has been Wednesday support, which may see a move back towards Thursday’s intra-day levels @ 1.3423 (resistance)

Trend guide 1.3355

Otherwise it is down towards Thursday’s lows



AUD Weekly and 5-day pattern

Yesterday's expectation of moving down from the 5-day 50% level only lasted 12 hours until a change in the intra-day dynamics resulted in a move upwards.

AUD continues to look supported, and whilst price remains above the weekly level @ .9787

Trend guide @ 98.73 to 98.22

At this stage i'm not sure whether Thursday moves up from those levels...

or price once again moves down and retests the same Weekly level and channel lows @ .9787 to 9773

no probability in first 12 hour direction