Monday, October 15, 2012

EUR GU 15 Oct

EUR - D shooting star Fri, lower high. 4hr higher low cycle seems to have broken. Trading below Fri's low, lower high lower low flow in tact. Support next at W M2/S2 pivots 1.2888. 1hr engulfing neg close here and moves down to next support 1.2820-1.2840 expected. Bias down.

GU - D lower high lower low flow in tact. 4hr higher high higher low move up in tact, just. Support 1.6024 W M2/S1. 1hr neg close should see test of next support 1.5985, then 1.5941 W M1 and the major support level 1.5900 28 Aug high. Bias down.









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