Wednesday, October 17, 2012

Recap + EUR GU 17 Oct






Recap 16 Oct - Bias was up which played out from London open.

EUR - D closed up, 4 and 1hr higher high higher low flow in place. We are in an area of major potential resistance (Oct '11 lows, high Sep 12). Bias up but we could obviously sell off from this general area.

GU - D closed up, 4 and 1hr on higher low higher high flows. However we are on a resistance level marked on D chart, multiple tops on 4hr and 1hr with divergence. No bias can go either way. 

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