17th December 2010 Euro, AUD, Daily



Euro Weekly and 5-day pattern

based on the current trends and where price is trading on Friday...using 1.3275 as a trend guide.

my view is that it can push price back down during this 12 hour period and towards a lower Friday close.

I could be wrong if it begins trading above, as Friday can see a swing back towards the channel highs @ 1.3365, but that's not a high probability set-up


AUD Weekly and 5-day pattern

Same pattern with the 5-day 50% level and channel highs @ 9921 can push price back down during this 12 hour period.

first target 9886