EUR - Since the Apr lows we have had 3 decent legs up with yesterday a solid positive close.We are in the region of the Apr highs resistance area (16 Apr D body close to wick 1.3175/1.3200). 4hr flow higher high higher low. Bias up but counter trend trades possible in this area.
GU - D closed positive. 4hr flow higher high higher low in tact but seems to be a struggle higher and we have divergence. At the moment we are battling to stay above the high from 29 Apr. A flip over to a short term sell (until D confirms change of trend) would be no surprise.
EJ - D closed a hammer but could not break the previous days high. Still below D 8lwma and RSI above 50 level but has not crossed its signal line. 4hr chart clearly shows current range 128.50-127.20. 4hr suggests higher. Bias up.
Thanks as always for providing your market commentary. A quick question if I may?
ReplyDeleteCurrently I follow Forex Factory's calendar to be aware of upcoming news events but there was no mention of any EURO bank holidays. Can I ask what information service you follow?
Forex factory also, it was listed there when I looked this morning around 6am gmt.
ReplyDeleteGreat thanks. I'll check my settings to see if they are blocking some news events.
ReplyDeleteCheers