Thursday, November 22, 2012

Recap + EUR GU EJ 22 Nov

Recap 21 Nov

The news spike lower did not follow through and all pairs returned to trend. EJ was the easiest to pick up on with the moving averages sloping up still. The most basic of trend indications.

22 Nov

EUR - D chart shows no real progress higher for 2 days now, popping higher this morning only. We are at a general resistance level or it could be the market waiting for the outcome of EU meetings. Bias up.

GU -  Making better progress higher than EUR. We are in general resistance area also. 4hr higher high higher low flow clear. Bias up.

EJ - The strongest mover of the 3. Looking to buy dips. Bias up.

With a very strong move yesterday, after the dip, we'll see if US holiday calms things down a little.




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