5th September 2011 AUD,EUR

Euro Weekly and Daily

current trend suggest more weakness towards Monday's lows and the Weekly lows..

but I would also keep an eye on for possible 2-day rise, as part of Friday's support...

but it will need to keep over the 11am level 50% levels


AUD Weekly and Daily

Same pattern as the euro, but the AUD is in a better position as it's above the Monthly 50% levels.

looks to be moving down into Monday's lows.

Keep an eye on 11am 50% level, if the AUD rises back towards 1.0655