EUR - View was D positive close should follow through higher. Bias up. Failure for that kind of D candle not to go higher should sound some alarm bells. A scrappy day lots of lower wicks after London open then a small fall going into YS session.
GU - Said the divergence is a concern, bias down and looking for solid set ups to continue trend. Scrappy day with the lower support level holding 1.5625.
EJ - Bias was up until price action confirms otherwise, even then if we do have a pullback will be looking for signals to resume uptrend. Like EUR lots of lower wicks around London open then a bit of a fall. The sell divergences played out.
7 Feb
Interest rate day UK and EUR.
EUR - D lower high negative close, appears to show a 4 day reversal pattern. RSI crossed lower. 4hr made a lower high RSI below 50 level. Bias down.
GU - D closed a doji, showing positive divergence RSI still below 50 level. 4hr showing positive divergence and a base forming. Bias up.
EJ - D negative close doji at the resistance level 127.75. D has crossed RSI lower after the divergence. 4hr still on higher high higher low but thats looking like failing. Short term bias down but should flow confirm move up on 1hr with positive close crossing RSI/8lwma would be looking for uptrend to resume.
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