Monday, March 25, 2013

EUR GU EJ 25 Mar

EUR - Approaching 1.3050 W R1 to close the gap. D positive close Friday. 1hr flow higher high higher low but we do have negative sell divergence. We can react lower once the gap is closed, if not then the next target will be W R2 1.3112- W R1 1.3164 the body/wick highs from Sep/Oct '12.

GU - We are at a key resistance level going back to Jan and May (easier to see on W charts). 1hr negative sell divergence. We can react lower from here, failing that next target higher the high from 22 Feb W R1 at 1.5306.

EJ - Fri closed a doji, on that candle we are below RSI 50 level and below the 8lwma. 4hr and 1hr on higher high higher low flow. Bias up next target the Mar highs/W R1 124.28.







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