Thursday, May 23, 2013

EUR GU EJ 23 May

EUR - Pushed up to the 1.3000 resistance level and sold off strongly with Bernanke testifying. D closed a shooting star. This would suggest down trend resuming. We will have to see if the news reaction follows through lower today or if the buyers at 1.2800 win the day. Bias down.

GU - I don't have the lower wicks marked on my D chart but its obvious (20 Mar, 4 Apr) that we have a potential support area here. Yesterdays close looks nothing like the big wicks on those days. Bias down.

EJ - Yesterday closed a shooting star after reaching the D resistance level/W R2, with negative divergence. On Y's D close we are still above the 8lwma and RSI above the 50 level and looking to cross up. Asian session has dropped 100 pips already making further counter trend (on D chart that is) sells very tricky. No bias.










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