Tuesday, October 9, 2012

EUR GU 9 Oct







EUR - D evening star pattern suggests down, 4hr hammer at the W pivot suggests up. Could be a higher low move up or a negative close here would see a lower high for move down. No bias either way. ECB pres Draghi speaks in approx 3 hours.

GU - D engulfing negative close, 4hr stopped at W M1, 1hr shows the very small bounce overnight. Bias down.

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