General comment on yesterday:
Like Friday mornings we treat Monday mornings with similar respect and rarely trade.
EUR - D closed a doji, below 8lwma and RSI below 50 level. The D being below the tight 8lwma is no surprise given the strong move down over 3 days. Yesterdays low was at the 62% retrace (from 29 May low to high). 4hr signaled a counter trend buy with a candle that had a large upper wick and so far no follow through. 1hr appears to be back to lower high. Bias remains down.
GU - D closed positive, 4hr signaled buy and has moved up. Like EUR Asian session move up did not reach the highs so we appear to be on a lower high. Would like the 4hr to flip over to confirm what appears to be a rally in down trend, bias down.
EJ - No convincing D candles yet, 4hr flow on lower high lower low. Not convinced of direction, but in view of 4hr bias down.
EURAUD - D closed a doji making no real progress lower from Fri. 4hr flow on lower high lower low. 1hr looking like it wants to turn up again.
AUD - D closed a doji making no progress lower. After a rally up 1hr also looks like it wants to go lower.
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