Monday, November 12, 2012

EUR GU 12 Nov

We have Euro group meetings and holidays in US and Canada so things may be slow today.

EUR - 4hr lower high lower low flows in tact. Asian session did not push up much. We are at the lows from 8 Nov and D pivot 1.2729 which may provide resistance. We have support areas also in general area and should we fall a major turn area at 1.2626. Bias down.

GU - Charts showing similar picture to EUR. Should we move up counter trend then we have resistance from 8 Nov lows, D pivot and W pivot in and around 1.5940. Bias down.



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