Tuesday, July 2, 2013

2 July 2013

EUR - D 3 bar reversal (higher close than the previous 2 candle closes), the 4th day that the 1.3000 support level has held. Bias now up.

GU - D closed an inside candle shooting star after 2 days of lower wicks. Like EUR a narrow range. Apart from the 4hr divergence at the lows on 28 June which has not yet followed through higher there are no real reasons to be buying yet. At the moment the 1hr flow could go either way, no bias.

EJ - D closed positive, 4hr higher high higher low. Stalled at W R1 for now, bias up.

EURAUD - D closed negative moving lower from the 1.4250 level mentioned. We'll see which way the interest rate decision takes us. Bias up.

AUD - D closed positive in downtrend. Starting to fall as I write on reaction to the interest rates, we'll have to see if there is follow through. Bias down.

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