EUR GU EJ 18 Mar

EUR - We will have to see how the market reacts to Cyprus bailout news. It would not be unusual for the gap to be closed before falling suggesting a move up to 1.3000. For now we stopped at the Dec '12 lows/W M1. There could well be further flight to the $ as a safe haven. No bias as we could close gap or just as easily fall.

GU - D shooting star lower high. 4hr looks like it could have a head and shoulders pattern with a neckline at 1.5065. 1hr chart, Asian session could not break the lows. 4hr has signaled a sell short term bias down. If the current candle closes positive that will be a higher low to continue positive flow.

EJ - Same story with EUR. Close gap move higher or continue lower. We'll just have to see which way the market takes us.