1st September 2011 Aud, Euro Daily

Euro Weekly and Daily

Euro has moved down in on the last day of the month and could extend towards the Sept 50% level.

Daily breakout pattern in the 12 hour range should extend towards 11am support levels, using the 50% levels as resistance.

if it continues down early in the 12 hour range then it could swing upwards, and continue higher in the 2nd 12 hour range.

AUD Weekly and Daily

11am levels suggest AUD is moving back towards the September 50% level.

Random support 11am lower level.

if it forms support then keep am eye on 2nd 12 hour patterns for a potential rise.















  • 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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