GU - D engulfing close up from the lower trend line, support area. 4hr and 1hr show the lower high lower low flow broken when 1hr intra day higher low formed. D on higher high higher low flow. Normally I'd have view that set ups like this should be buy only today. That is the bias but we are on the resistance level and engulfing negative closes may provide sell opportunities. With the D pivot and W pivot around 1.5800 would prefer to see move lower rejected from there.
EUR similar story. Bias for today is up, we have yesterdays high to contend with and if we trade above there W R1 at 1.2630 as a target. Failure to move higher after such a strong candle yesterday would be immediately suspicious. Good candles should follow through.
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