Friday, May 3, 2013

EUR GU EJ 3 May

It took the EUR interest rate decision to bring the pairs down.

NFP today. 

EUR - D closed as an evening star pattern which we would expect to follow through lower. Bias down.

GU - D closed a doji, still not able to close below the 8lwma or make RSI cross its signal line. 4hr did have a lower high following the divergence. 1hr confirms flow now lower high lower low. Bias down.

EJ - D close a shooting star with a large upper wick. The 1.2770 Feb high support area still holding. Bias down but this could easily flip up.



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