With Swiss, French and German holidays and UK interest rate decision before US open might be a day to trade US session.
EUR - D closed positive, RSI crossed up and above 50 level. 4hr has broken the lower high lower low flow. Support at 1.3070 W M2, resistance at 1.3170 W M3. Bias would normally be up but we can easily fall from the resistance levels. No bias.
Result: Moved up to W M3 1.3177 'to the pip' falling from there started by a 3 bar reversal. Trade trend and if ranging as we have been for a few weeks now, trade the reaction to key levels.
GU - D closed green with large upper wick. Bouncing between support and resistance levels and W pivots. The D moves down from the upper to lower channels since mid March have not been the cleanest. In general the expectation would be for the lower channel/support level 1.5390 to be tested. Could easily go up but bias down.
Result: London open moved price up to the W M3 1.5588 resistance level. Moved lower from there with 3 x 1hr upper wicks and a 3 bar reversal.
EJ - D higher low positive close at the upper resistance level. The smaller bounces lower on D from the 130.50 area are clear. 4hr negative divergence. Bias up but the support/resistance areas have held, 4hr divergence, so obviously potential to fall.
Result: Bias up played out in US session.
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