Friday, August 9, 2013

9 Aug 2013

EUR - D closed positive and we are right on the 18/19 June highs. Bias up but we can obviously react to the resistance level 1.3400/3415.

GU - D closed marginally positive, no real progress higher, struggling with the May highs. Bias up but we can obviously react lower to the resistance level 1.5570/5600.

EJ - D closed positive reacting to the previously mentioned July lows. The 4hr is on a lower high after moving into the 29-31 July lows (support now resistance?). It appears the D is a move up counter trend and an opportunity to sell a rally. One of those tipping points, a positive close here on 4hr puts us on a higher low and a change in flow for the short term at least.

EURAUD - D closed negative. 4hr lower high lower low, last close a doji. Asian session shown many times it will move EURAUD when it wants to, but not today. Its been a struggle and move up would be no surprise but bias down.

AUD - D closed positive. 4hr higher high higher low. We are at the 18, 25 July lows (support now resistance). Bias up but we can obviously react lower to the resistance level 0.9130/9150.

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