Wednesday, November 14, 2012

EUR GU 14 Nov

EUR - No real progress lower for 2 days now. D closed a doji yesterday, still below 8 lwma and RSI 50 level, indications of potential divergence. Struggling with the June '12 highs support level. 4hr divergence but lower high lower low flow still in tact. 1hr lower high lower low flow broken, move up from Y's lows with divergence. Double top at Y's high at the moment.

Short term bias up (4 and 1hr) can also sell solid 1hr set ups from pivots/key levels as return to D trend.

GU - Same as EUR no real progress lower but we have no D signal for buys.

Short term bias up (4 and 1hr) can also sell solid 1hr set ups from pivots/key levels as return to D trend.









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