EUR GU EJ 15 Apr

EUR - The 3 days last week where we could not move higher means we are in a range roughly between W M2 1.3038 and W M3 1.3123. 4hr has signaled lower so if the W pivot fails would expect a move down to W M2/the lows of the last few days.

GU - Moved up to the identified resistance level (see yesterdays blog post), 1.5383 during Asian session and sold off strongly. We'll see if the move below the W pivot 1.5328 can hold. If the current 4hr closes above the W pivot with a long wick that would suggest a false break. If it does go lower targets will be W M2 and W S1 the general areas of the last 4hr higher lows from last week.

EJ - Asian session had a strong move down and we reached the identified area 127.70-20 high from February (see yesterdays blog post). After such strong moves early in Asian session only time will tell if London open is sideways. The flow certainly switched lower but having reached the support level so quickly we can only watch and see the reaction.