Tuesday, March 19, 2013

EUR GU EJ 19 Mar

EUR - Positive D close to close the gap to Fri's lows, still below RSI 50 level. 4hr is still on lower high after the gap closed price went sideways, 50% retrace, still below RSI 50 level. No bias can go either way today.

GU - D closed a small range doji. 4hr has now formed a lower high. A base has formed around 1.5070 and on the upside W M3 at 1.5143 and the recent high just above. No bias can go either way.

EJ - Positive D close to fill the gap. We are at W M2/last weeks lows/62% retrace. After a D close like yesterday view would normally be bias up but in view of the above we could easily react lower.







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