Friday, March 22, 2013

EUR GU EJ 22 Mar

EUR - D negative close back into trend RSI below 50 level, daily lower high lower low flow intact, price stopped at support level. 4 hr strong rejection of the W S1 level 1.2954 with upper wicks. W M1 provided support during the day at 1.2894. Bias down with potential to bounce up from support.

GU - D positive close at the top of the recent range also recent resistance level 1.5160, RSI above 50 level/ma,  D higher low formed. 4 hr move up stalled at the resistance level from late Feb/early March 1.5180-1.5200 with large upper wicks. RSI flat but above 50 level. 1 hr higher flow intact but move up appears to be weakening. Bias up but watch for reaction lower at resistance levels mentioned.

EJ - D negative close couldn’t push below yesterdays low. RSI down and below 8lwma.
4 hr showing wide range higher high higher low flow, today bouncing off the W M0 with decent lower wicks. There is lots of conflicting information but we cannot keep chopping up and down  forever. I'll say bias down simply because of the D close with the chance for bounce up from the recent lows.







No comments:

Post a Comment