24th Jan 2011 Daily, EUR & AUD



Euro Weekly and 5-day range

As per Weekly report, expectation that the euro will continue towards this week's highs, and most likely remain above last week's breakout @ 1.3531.

Because there's a breakout of Friday's highs the trend should continue up towards Monday's highs.

Trend guide the brown filter

Support as shown @ 1.3551.


If the market continues to move up towards the Weekly highs over the next 2-days...

my view is that the euro will then try and come back and retest the breakout, and then continue higher once again later in the week.



AUD Weekly and 5-day pattern

Once again there's no probability pattern to start the week....

As price can continue to push back towards the 5-day 50% level...

or dip back down into the Weekly level 98.30. (trend guide .9914)

Currently AUD remains stuck between 2 monthly levels, therefore it remains choppy