Monday, March 4, 2013

EUR GU EJ 4 Mar

4 Mar

EUR - The attempt below the Feb-Apr '12, Jan '13 lows failed for now. D closed a hammer, still below the 8lwma and below RSI 50 level, divergence showing. 4hr showing divergence, still on lower high lower low but a positive close here would flip that to a higher low. 1hr can go either way. It remains to be seen whether the bounce around London close was due to the US sequester discussions or start of a move up. We are at a key support level so can move up from there, until this is confirmed by price action bias down.

GU - D negative lower high 3 bar reversal close, showing signs of divergence. 4hr flow still lower high lower low. Bias down.

EJ - D positive close, higher low 3 bar reversal. 4hr flow higher high higher low. We have a base today at the D pivot 121.50 and if that holds bias up. failure to hold would give a 1hr lower high and flip short term bias down.









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