4th February 2011 Daily, EUR & AUD

Euro Weekly and 5-day pattern

Euro back down into support levels and the February 50% level.

I would think price will try and swing back towards the 5-day 50% level on Friday (after 11am) and towards the Weekly level on Monday @ 1.3748.

Note;- I can't discount Friday following the range into the 5-day lows  @ 1.3539, but because of the Monthly 50% level this has less probability.




AUD Weekly and 5-day range

Friday can continue to trend up towards the monthly level @ 1.0209, as it remains above the Weekly highs...

but it looks like the 12 hour patterns are choppy









  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT



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