EUR GU EJ 13 Mar

EUR - D closed a doji, 1.3000 as a proven support level is a tough nut to crack. having said that we are not going up either. For now the 4hr is on a higher high higher low. A negative close now would flip that over back to a sell. No bias can go either way.

GU - D closed a hammer so we could go up. No conviction in the move we are below our 8lwma and below RSI's signal line (on yesterdays close), divergence still there. 4hr has broken the lower high lower low flow. Still viewing valid system buys as counter trend and main focus should be selling the rallies in this downtrend. Focus will remain down bias until daily proves otherwise with a valid reversal pattern.

EJ - 126 held for the 3rd day. D closed negative but we are still above our 8lwma and RSI signal line. 4hr had RSI sell signal earlier allowing sells yesterday. There is support at 124.70, the move below there yesterday was quickly rejected as clearly shown by the lower wicks on 1hr. Short term bias appears down there is the chance to bounce up from support.