29th April 2011, EUR, AUD, Daily

Euro Weekly and Daily

Thursday found support on it's 84 pip spiral low and matching level

Trend bias is to continue towards next week's highs (& monthly highs)

However, keep an eye on a potential 5-day high pattern on Friday....

This will help set-up next week moving down, to retest this week's breakout and Weekly level.

Note:- 3-week lows now match the MAY 50% level 


AUD Weekly  and Daily range

Same pattern on Thursday as the Euro ( 84 pip spiral low)...

And expectation that the same pattern will play out in the AUD....










  • 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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