EUR GU 26 Sep

EUR - The expected downside continues with 1.2900 failing early this morning. Would expect more downside. Will watch for signs that the moves are running out of steam after yesterdays stall at 1.2900 and move higher.

GU - The shooting star on D should follow through lower. 4hr moved back into lower high lower low. The move below 20 Sep lows will need to be watched to confirm it holds. Expect more downside unless there is clear rejection over time of move lower.

Both EUR and GU broke support areas this morning when volumes can be lower, they could just as easily retrace back to where they started 1.2900 and 1.6190.