15 July 2013

EUR - D closed an inside candle hammer, falling around London open and bouncing up from the same area where US buyers came in on 11th, the major support/resistance level of 1.3000. 4hr clearly showing the base and the lower high made on Friday. A positive close and we are on a higher low and an upper trend line break, a negative close confirms the lower high. Can go either way, no bias.

GU - D closed negative after a 2 day strong move up it is still on a lower high lower low flow. The 4hr is still on a higher high higher low flow. Same as EUR can go either way, no bias.

EJ - D made a slightly higher low than the previous 2 days, charts still give me no clue as to whats going on. EUR and GU above can go either way with a good candle which I would be pretty much happy to take. EJ on the other hand might give a clearer picture as the day unfolds but for now I have no idea.

EURAUD - D closed positive. The next resistance level I see on chart is at 1.4900. 4hr is showing negative divergence and crossed lower but at this stage bias remains up.

AUD - D close negative with a lower wick rejecting the move below the 0.9040 support, positive divergence is showing. We have headed back to the 0.9100 area that can act as resistance. Bias down with possibility of reaction up from the lows.