Tuesday, September 18, 2012

GU EUR 18 Sep

Neither pair could make any progress higher yesterday. GU 4hr showing divergence and 2b reject of move higher. 1hr HH HL flow still in tact.

EUR 4hr divergence and stall in 1hr HH HL flow is more pronounced.

Both suggest 1hr sell set ups have more of a chance but selling still counter trend.

I don't see any news thats going to send EUR plunging so if this is start of run down would expect a few days for it to play out. There is always a good chance this is a well deserved pause in up trend.







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