GU EUR 31 Aug

Normally I'd have sell views today but with Jackson Hole conference starting will probably wait until next week. Due to the (big picture) sideways trading over the last 3 months there are numerous downside support levels.


GU - D chart engulfing, lower high, negative close suggests move down. We have tested the W pivot, lower trend line, support areas which may hold.

EUR - D similar chart with negative close lower high. The 1hr flow has flipped over to lower high lower low.