Wednesday, March 20, 2013

Recap 19 Mar

EUR - View was: Positive D close to close the gap to Fri's lows, still below RSI 50 level. 4hr is still on lower high after the gap closed price went sideways, 50% retrace, still below RSI 50 level. No bias can go either way today.
50% retrace held, negative close lower high 3 bar reversal on 4hr set up move down.

GU - View was: D closed a small range doji. 4hr has now formed a lower high. A base has formed around 1.5070 and on the upside W M3 at 1.5143 and the recent high just above. No bias can go either way.
It did with some wild swings on 1hr.

EJ - View was: Positive D close to fill the gap. We are at W M2/last weeks lows/62% retrace. After a D close like yesterday view would normally be bias up but in view of the above we could easily react lower.
The fib/W pivot/resistance level held, move lower set up by a 4hr shooting star.

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