Tuesday, November 6, 2012

Recap + EUR GU 6 Nov

Recap 5 Nov

Both pairs fell in line with the down bias. The move down was not as strong as Fri's move.

6 Nov

EUR - D closed as a doji, below 50 level on RSI. 4hr crossed up, still below 50 level on RSI. Trading below 8 lwma so the move up is not a strong one. 1hr showing divergence but lower high lower low flow still in tact. Bias still down.

GU - Neg D close with low in the area of W S1 and the identified support level. 4hr crossed up, short term move up possible. 4hr and 1hr lower high lower low still in tact. 1hr divergence. Bias down but obvious possibility of move up.





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