Wednesday, September 19, 2012

EUR GU 19 Sep

EUR D chart has completed an evening star pattern at the high. We couldn't break through the 8 lwma which tracks price closely. We have crossed RSI but still above 50 level. So not everything is in place on D to have sell focus only. 1hr HH HL flow was broken yesterday but in Asian session we seem to have a HL. The support level at 1.3100 may provide resistance. Can look at good buy or sell set ups today.

GU D a doji at the top. The W M3 pivot at 1.6232 has provided support. Viewing yesterdays doji as a pause in up trend and buy bias for today.










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