The EUR, GU down bias did play out after a failed attempt higher around LO.
10 Jan
UK MPC statement, EUR interest rates and press conference. For me after NFP easily days when I am happy to leave trading and come back after the news is out to see if there are nice price waves (higher lows, lower highs) to trade.
EUR - Negative D close below the ma, RSI below 50 level. 1hr lower high lower low in tact (barely). We have the proven support level 1.3000, W M2 at 1.3031 and the early Jan lows to contend with. We can obviously bounce higher from these areas but overall bias down.
GU - Largely a similar picture, we are at the early Dec lows 1.6000.Bias down.
EJ - Positive D close, 1hr flow higher high higher low. Bias up with potential to react to the highs around 115.50.
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