GU EUR 27 Aug

GU - Two strong negative closes on D. 4hr and 1hr show the lower high lower low flow. We are on the lower wicks from the move up Apr 2012 and the W pivot. Just below we have the resistance level 1.5770/50. So whilst bias down based on recent price action there are lots of places to move up from.

EUR - D negative close, 4hr and 1hr on lower high lower low flow. I don't see any strong historical support/resistance levels so would expect more downside.

So its sells today until good candles (1hr higher lows) suggest otherwise.