Recap 1 May

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.
Result: Bias up played out until W R3 reached 1.3235, sold off from there in US session.

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.
Result: Bias up played out, reaching Mar '12 lows resistance level/D upper channel/W R1 1.5580.

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.
Result: Bias up played out in London session selling off a little in US session.