Wednesday, December 12, 2012

Recap + EUR GU EJ 12 Dec

Recap 11 Dec

The up bias did play out on all pairs.

12 Dec

EUR - Positive D close that stopped on the Feb/Apr resistance level 1.3015. We also have W M3 just above at 1.3025. Bias is up but obviously we can go lower from this proven turn area.

GU - D positive close close to previous high 1.6130. There is hidden divergence in play, price action must confirm (thanks Sunny fx). US session could not take us any higher which raises a little question mark. Asian session support at W R1 1.6108. Bias up but potential to turn 1.6130. There are resistance areas a little higher but reaching them would be good target in line with up bias.

EJ - D positive close approaching previous high 107.90, potential divergence. Bias up obviously we can go lower from the turn area.   






No comments:

Post a Comment