As mentioned yesterday often after big D candles there is a pause before moves continue. Yesterday the pairs generally moved during Asia or pre London open. Very little movement after London open into US open.
It does not seem that there were strong Asian buyers for EUR and GU this morning. Makes me think there is chance of move down continuing. We'll see what candles give us.
EUR - D closed negative with a decent lower wick, RSI has crossed below 50 level. 4hr RSI crossed up but could easily flip over. We are moving up to a support/resistance level around W M2 1.3260 and if we are headed lower that would be a level to watch out for. No bias can go either way.
GU - D closed a hammer, 4hr has signaled up with RSI cross. No bias can go either way.
EJ - D closed a shooting star, RSI crossed up and on 50 level. Its high around 129.90 is lower than the previous swing high on 11th 131.28. 4hr on the other hand is on a higher low RSI crossed lower for sell. Conflicting signals, bias up unless there is a stall and 4hr flips over.
EURAUD - D positive, 4hr has stalled RSI has crossed lower. A 1hr negative close here would give a lower high sell signal. Counter trend as there is nothing yet for me to believe that this is anything other than a dip in uptrend.
AUD - Similar picture to EURAUD except this viewed as a rally in downtrend.
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