Thursday, August 9, 2012

EUR 9 Aug

Yesterday the sell bias played out see the arrows down on 1hr chart. The day did close a hammer at a support level and RSI above 50, that suggests potential for up. D is still on higher high higher low. 4hr heading for lower high after divergence RSI at 50.

The ascending triangle down bias mentioned yesterday did play out and we are now on 1hr lower high lower low. This may have been broken in US session yesterday. D suggests up. Would prefer to see some confirmation of 1hr candles e.g. intra day higher low to buy.



The D hammer gives potential for up so it could be buy or sell today.

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