EUR GU EJ 7 Mar

EUR - The moves up over the previous 2 days was a rally in downtrend and the D closed a lower high 3 bar reversal. It does appear that we have divergence on D and 4hr. Price action would need to confirm this so to buy we'd be looking for a 1hr higher low to change flow upwards. There is a potential resistance level at last weeks low. We would expect the solid D negative close candle to follow through lower. Bias is down until flow confirms otherwise.

GU - Very similar picture to EUR with the D close and divergences. Again though bias down until flow confirms otherwise.

EJ - Not much clearer than yesterday for me. No bias.