26 July 2013

EUR - UK morning news pushed EUR down to a previously identified support area, Mar/Apr lows. From there moved up in line with bias, continuing higher into the US close at the Dec '12 highs/W R2. 4hr on higher high, showing negative divergence. Asian session did not break the high which is not uncommon. Bias up.

GU - Similar story to EUR. Positive D close, 4hr made a higher high and showing negative divergence. We have a resistance area at 1.5400 where there is potential to fall, however bias up.

EJ - D closed negative, reacting to the identified resistance area 132.50 with divergence, followed through lower in Asian session. 4hr yesterday a horrible chart with numerous lower wicks. Worth noting from the 1hr chart, the candles that did follow through lower yesterday all had little/no lower wicks. Bias down.

EURAUD - Bias up did not follow through, moved lower from the mentioned W R1/June highs. Range bound trading continues (1.4450 - 1.4200) and we can go either way in the range.

AUD - Range bound trading continues for now the range has narrowed (0.9300 - 0.9120), we can go either way in the range.