Monday, May 13, 2013

EUR GU EJ 13 May

EUR - D closed negative with a decent sized lower wick, probably a mixture of typical London close bounce and the low from 24 Apr. 4hr chart is showing divergence but no reaction to that as yet. 1hr flow lower high lower low. Bias down.

GU - D closed negative on the lower channel trend line. 1hr flow lower high lower low. There is the potential to move up and test the back of the trend line, bias down.

EJ - D closed positive but little follow through higher during London session, divergence showing. 4hr and 1hr showing divergence. Bias remains up until price action confirms change in flow.



  


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