EUR - D closed negative with a decent sized lower wick, probably a
mixture of typical London close bounce and the low from 24 Apr. 4hr
chart is showing divergence but no reaction to that as yet. 1hr flow
lower high lower low. Bias down.
Result: Bias down did not play out, very choppy day.
GU - D closed negative on the
lower channel trend line. 1hr flow lower high lower low. There is the
potential to move up and test the back of the trend line, bias down.
Result: We did test the back of the trend line with a move up to 1.5390 area. Fell from there in line with bias.
EJ
- D closed positive but little follow through higher during London
session, divergence showing. 4hr and 1hr showing divergence. Bias
remains up until price action confirms change in flow.
Result: The topping out process continues with resistance at 1.3230. 4hr RSI has crossed lower but no decent negative closes to confirm.
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