GU EUR still respecting W pivots and SR levels

Both GU and EUR continue their moves up as discussed. Largely from W pivot to W pivot. It has been quite incredible to watch over the last few months (not that W pivots haven't always been a target).

Their 1hr higher high higher low flows are in place. GU is approaching a major turn point from Oct/Nov 2011. There was some reaction yesterday but not enough to suggest a turn lower for me. This turn area can also be in region 1.6130-50 so perhaps we haven't hit yet.

There is nothing to suggest that any sell would be anything other than a scalp at best. Some form of decent retracement must be seen at some point. The view for now is it would just be a dip in uptrend. Until of course D or W closes prove otherwise.