As mentioned Monday morning did not really do much. The key levels for EUR 1.3000 and GU 1.6000 held. Both pairs had 4 hr engulfing positive closes to signal move up. We traded EJ which did not move up as much.
8 Jan
EUR - Support held, D positive close, 4hr flow now higher low, bias up. W M3 1.3180 and lows from 21-31 Dec looks a decent target area.
GU - Same picture as EUR. We are at a potential resistance area lows 13 Dec and 24 Dec that we could react lower to, bias up though. Target 1.6175-1.6200.
EJ - D close a doji at the resistance level. 4hr shows the reaction lower is getting smaller. Bias up but obviously can react to the proven resistance level.
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