Tuesday, April 2, 2013

EUR GU EJ 2 Apr

EUR - D closed positive and we have crossed the 8lwma and RSI its signal line. 4hr made a higher low yesterday and 1hr on higher high higher low flow. We have stopped at the Dec lows/W pivot potential resistance level, the Asian session struggled to break Fri's high which is not uncommon. 1hr is showing negative divergence. Can go either way today, at the moment our 4hr and 1hr suggest flow up. This can be a rally in downtrend but as flow is up at the moment we need our counter trend rules to kick in. We are at a resistance level/W pivot, have 1hr divergence and looks like we have a 5hr stall so the potential is there for a sell.

GU - Very similar picture to EUR D closed positive, 4hr and 1hr flow up, 1hr negative divergence. Stopped at the Jun low resistance level. can go either way today.

EJ - D neg close below RSI 50 level. 4hr 1hr flow down. Bias down.










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