Thursday, April 4, 2013

EUR GU EJ 4 Apr

Interest rate announcements today in UK and EUR, tomorrow NFP.

EUR - D closed positive but we could not break above the W pivot/resistance level. 4hr RSI crosses have worked as trades even if the moves have not been significant. Asian session could not take us back up to yesterdays high. No bias we could move lower from the rejection of the W pivot (see 4hr upper wick) or continue up, will need to see good 1hr candles.

GU - D closed a doji, 4hr and 1hr seem to be swinging back down. Below 50 RSI level on all time frames so appears to be swinging back lower.

EJ - No bias D closed a small doji and there is a clear base at 119. Interest rate decision came out and we just spiked 50 pips, we'll need to see the follow through as to whether this move up fails or not.







No comments:

Post a Comment