Wednesday, July 3, 2013

3 July 2013

EUR - D lower high engulfing negative close. 1hr flow lower high lower low, bias down.

GU - D negative close, flow clearly lower high lower low. Wondering if this move is running out of steam but the candles say bias down.

EJ - Positive close stopping at the 11 April resistance level. 4hr flow up, 1hr has made a lower high at 130.82. 1hr could be on another lower high, we do have a base at 130.36. Bias up.

EURAUD - On a roller coaster ride between 1.4125 and 1.4274 for the last few days. If it goes higher we have a problem as its run over 100 pips already during Asian session. We are above 50 levels on D and 4hr so bias remains up. Buys are difficult due to the size of the run up already and the upper resistance level. No bias can go either way.

AUD - D negative close. Already had a big run down in Asian session making entries tricky now. Bias down.





 

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