GU EUR 3 Sept

With the US holiday and Draghi speaking early in US session care would be needed around that time.

GU - Would expect upside today but there is last weeks high at 1.5900 that could cause a sell off.

EUR - The strong rejection of the break above 1.2600 did not follow through lower. I would expect the highs to be tested again.

Due to the recent moves up or down any intra day higher lows or lower highs can be considered as trades. For moves up both currencies have their D pivots and W pivots as bases. For sells both currencies have upper resistance levels. Bias up today.