Tuesday, October 16, 2012

Recap + EUR GU 16 Oct

Recap - Whilst both pairs stopped at their first support areas mentioned (1.2888 and 1.6024) and EUR signaled a move up with a nice hammer Mrs V was not happy with the down bias. With the conflicting info it should have been no bias Y.






EUR - D crossed up and above 50 RSI, 4hr also. 1hr higher high higher low flow in tact. Over night Y's high held, but that's not unusual. Against that we have a D doji failing to go higher which can be a problem. Bias up but another failure at 1.2980 and neg close could signal move down.

GU - Same picture as EUR with Y's high at 1.6080.

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