Tuesday, April 9, 2013

EUR GU EJ 9 Apr

EUR - D closed positive but within the 1.3038 highs of 5 Apr. Asian session broke higher through this level. 4hr flow higher high higher low but showing sell divergence. We'll see if the break above this resistance levels holds. Bias up, potential to fall with the 4hr divergence in particular if a move up on 1hr fails giving a double top /lower high to switch flow down.

GU - D closed negative inside bar, still above 8lwma. D is still on higher high higher low. On 5th we shot through the area of the 1.5268 resistance level on news. 4hr RSI did cross signal line lower yesterday to signal a scalp sell but we are still on higher high higher low. Bias up but we'll have to see the reaction higher from here, a failure to move up would give a lower high and reverse the flow.

EJ - D positive close. 4hr showing divergence and has gone virtually straight up from 119-129. Would be looking for any retrace lower as dip in uptrend. Bias up.







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