20th December 2010 Euro, AUD, Daily
Euro Weekly and 5-day pattern
Euro trend is down and looks to be heading towards support levels, as described in the weekly report.
however, the Euro could continue to consolidate within the 5-day range coming into the end of the end.
If it's the latter, then the next 12 hour range would need to be trading above the brown filter.
no probability pattern for Monday
AUD Weekly and 5-day pattern
As per weekly report, my view is that the AUD will follow and orderly pattern upwards using the Weekly 50% level as support.
The first sign will be price trading above the 5-day 50% level @ .9911
or we keep an eye on the blue channel low during the next 12 hour period for support, as it dynamically rises up from currently low @ .9847