Thursday, April 11, 2013

EUR GU EJ11 Apr

EUR - D closed a shooting star, above the 8lwma, a relatively small range day so whilst this can move lower not a major reaction. 4hr lower with the divergence but is still on a higher high higher low. 1hr chart had a move down on the lower high after divergence. No bias can go either way today 4hr/1hr flows conflicting. I suspect up though but either way good candles will lead the way.

GU - D closed at the upper end of range for the past few days. 4hr still making higher lows. Weaker bounces from a key level often sees that level fail. Bias up but obviously this key level can hold.

EJ - Bias up.







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