Thursday, January 24, 2013

EUR GU EJ 24 Jan

24 Jan

The sideways price action continues, in ranging markets its important to try and get in at the extremes. The first trade in the move is the best trade.

EUR - Another D doji. Still waiting for a good D close to give some direction.

GU - Similar to EUR. D, 4hr and 1hr all below RSI 50 level so bias down with possibility of bounce up from 1.5800 support area.

EJ - Asian session broke above yesterdays range from the 117.50 support level running 130 pips already this morning. Hopefully we will see some consolidation and continue up.




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