Wednesday, February 13, 2013

EUR GU EJ 13 Feb

13 Feb

EUR - D positive close off the support level 1.3375/W M2. We stopped at the 1.3465 resistance level (highs from Feb '12)/W pivot. The 4hr lower high lower low flow broken. The 1hr showed divergence on move up to yesterdays high, it is at a tipping point and could go either way. A lower high after divergence at the resistance/W pivot a valid sell. Bias up with potential to sell.

GU - D closed a big doji off the 1.5575 support level, divergence showing. We have RSI below 50 still but crossed up, still below 8lwma. With 1hr flow higher high higher low, bias up.

EJ - The positive close on D 11th could not follow through higher. We are still below D RSI 50 level and below 8lwma. 4hr and 1hr now on lower high flow. Bias down.












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