The down bias was more pronounced on GU. Whilst there were good selling trades on EUR (and EJ) the support above 1.3250 gave buy opportunites for counter trend trades from a proven support level.
17 Jan
EUR - D close a hammer and we have not closed below our lwma or had RSI cross. No bias, until we break the immediate range it seems that scalp buys and sells from 1hr/15 min candles near the most recent price extremes may be effective.
GU - D negative close, 4hr and 1hr flow lower high lower low. Bias down.
EJ - D close a hammer. 4hr flow on lower high lower low. A 100 pip drop in Asian session is always a little troubling for the ability to drop further. Bias down. As per EUR recently there have been good 1hr/15 min turn trades at the extremes of recent ranges. Targets 116.45 yesterdays low, then perhaps the 116.00 support level.
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