Monday, April 8, 2013

EUR EJ GU 8 Apr

No point in doing a recap as the big move was NFP related. All 3 pairs did have retraces to some extent before the big news moves up.

EUR - Back to the support/resistance level from Feb-Apr '12 and Jan '13. W candle closed positive close to the previous weeks high. D closed positive with an upper wick. 4hr flow higher high higher low, RSI has crossed lower. D suggest up, there is a resistance level that we can react lower to and the COT data shows the big boys are bearish on EUR. Can go either way today.

GU - W closed positive hammer and we seem to be through the Dec and May '12 low resistance levels. D positive close, 4hr flow higher. Bias up.

EJ - W engulfing close. D positive close, 4hr flow one way up. Bias up.









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