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.
Result: Large engulfing hammer off the Asian lows started move up.
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.
Result: Up bias did not play out with W M3 1.5348 holding for about 16 hours. Fell to the W Pivot 1.5242 and the highs from 25 Mar and 2 Apr.
EJ - W engulfing close. D positive close, 4hr flow one way up. Bias up.
Result: Up bias played out.
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