Monday, January 14, 2013

Recap 11 Jan, EUR GU EJ 14 Jan

Recap 11 Jan

EUR and EJ - Bias up played out.

GU - Price did react lower to the 1.6175 resistance level. A lower high close after divergence. Then became very volatile between 1.6090 and 1.6175.

14 Jan

EUR - D positive close, 4hr and 1hr flow higher high higher low. We are in the area of 26 Mar-3 Apr highs. D is showing divergence, price not showing signs of stopping yet. Bias up next target the Feb highs 1.3450-90.

GU - D double top high lower close. 4hr and 1hr charts not as clean as EUR. We are on or above RSI 50 levels, above the ma's and Asian session went up with EUR so bias up.


EJ - We are at a resistance level but bias up. The next resistance level I see is the Apr '11 high 123.00.










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