EUR GU EJ 25 Feb

EUR - D closed a doji, in itself not a strong signal. 4hr still clinging to the lower high lower low flow, divergence is showing and RSI has crossed above its signal line. Until flow properly moves higher bias down.

GU - GBP was down graded late Friday night, it remains to be seen whether this bad news will follow through. Had a gap down which is likely to be closed, so a possible move up to 1.5160 area. Still no reason to believe its anything other than a rally in downtrend. Bias down.

EJ - Rejected another attempt to go below 123.00. D closed an inside bar, still just on a lower high lower low. 4hr had a higher low positive close hammer. The gap up will need to be closed suggesting a move down to 123.20 area.