Thursday, October 18, 2012

Recap + EUR GU 18 Oct

Recap - EUR bias was up on 17th and it went up a small amount. GU up also no bias either way.

EUR - D is up but the London and US sessions were weak. We are at the resistance level mentioned Y. 4 hr has flipped over to short term sell signal. Can go either way today, so no bias.

GU -  D is up but US session did not follow through on move higher. 4hr flipped over for a sell. 4hr is on higher high higher low still so if we do get a sell today could just be a scalp sell and chance to buy dip in rally. Would prefer to sell D neg close, 1hr flip to lower high lower low to confirm move down.







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