Friday, June 28, 2013

28 June 2013

EUR - We did get a reaction up as mentioned yesterday. D closed a positive inside bar off the support level 1.3000, could not cross RSI or the 8lwma. So as D reversal candles go this would be weak and regarded as counter trend. 4hr RSI had signaled counter buy yesterday but the 4hr and 1hr candles made buys difficult. 1hr flow now higher high higher low. No bias can go either way.  

GU - Fell as per view yesterday. D closed negative with a decent sized lower wick bouncing up from W M1 1.5200. At the moment we are at the June '12 lows/W S1 1.5272. Bias down.

EJ - Had bias down which did not transpire. The 4hr hammer rejecting the move below W M2 127.00 won out. D closed positive 3 bar reversal. Asian session has run 100 pips up already. Bias up.

EURAUD - Had down bias with potential to bounce up from the identified support area 1.3925. D closed a hammer. 4hr had a higher low, 1hr now higher high higher low. Bias up.

AUD - Yesterday had no bias. D closed another shooting star inside candle, the lows from 26th holding. Asia broke the range lower this morning and since retraced up. No bias. 

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