Monday, January 7, 2013

EUR GU EJ 7 Jan

7 Jan

EUR - D, a hammer bounce off the RN 1.3000/support level. Below 50 RSI and price below its ma. 4hr on lower high lower low but has signaled a counter trend buy. 1hr has broken the lower high lower low flow. Conflicting messages so no real bias, a solid 1hr close either way could set up a move.

GU -  D, a negative close hammer off the support level 1.6000. Below 50 RSI price below its ma. 4hr lower high lower low flow, 1hr appears to have reverted back to lower high lower low. Bias down.

EJ - We are in the area (candle body lows from W chart) of the 2008/9 lows and the Jul-Nov 2010 highs. A major support/resistance level. D on higher low above ma but RSI did not cross its signal line. Asian session rejected the move up. 1hr flow up, bias up.

Monday mornings are often indecisive, perhaps will wait for US session to see if there is greater clarity.











Monday mornings are often indecisive, perhaps will wait for US session to see if there is greater clarity.



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