GU EUR 20 Sep

EUR looked the better option for a sell than GU yesterday and did have a nice move down. The 4hr lower high after divergence played out nicely. The D evening star pattern couldn't follow through below the support level 1.3000 (Feb-Apr '12 lows). 1hr flow is on lower high lower low now. The reaction at yesterdays low will be important.

GU is again not as clear as EUR on D chart but we do have 1hr lower high lower low flow.

There are levels for bounces up but expecting more downside in line with 1hr flows.