EUR - D closed positive, a doji, the indecision continues. 4hr
divergence yesterday was followed by a move up during Asian session
signaled by 4hr higher low, 8lwma/RSI cross. We have been around the
1.3000 support level for 2 weeks now and if we look back at Feb-Apr '12
the current moves are certainly not the same as we saw then. The 4hr,
1hr flow is suggesting up but I have doubts based on the comparison
between now and Feb-Apr. The D has not yet signaled up, the 4hr signal
could have played out, no bias.
Result: News took EUR to the W pivot where it was sold off quickly down to the same 1.3000 support area.
GU - Essentially the same picture as EUR.
Result: News took GU up.
EJ - Still struggling, we are now in the 4th day following the weekly hammer with no follow through higher. No bias.
Result: Generally a choppy day.
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