Tuesday, May 7, 2013

Recap 6 May

EUR - D closed positive and we are above 50 RSI. 4hr appears to be on a lower high with a base at 1.3040. Still bouncing within the bigger range 1.2985/1.3200. No bias.
Result: With the UK public holiday a narrow range held by the W pivot and W M2.

GU - D closed positive near last weeks highs. Bias up with potential to fall from the highs/W M3 1.5588.
Result: Fell from the highs.

EJ - D closed positive and whilst we are approaching resistance levels (and would need to take appropriate caution) bias up.
Result: Narrow range, Fri's high held.



 

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