Nothing really happened yesterday until the UK and EUR interest rate announcements. Lower interest rates for longer in both areas, on-going problems with several Euro zone economies, hard to be a Euro bull? Today is NFP in the US we'll see if that cements $ strength.
EUR - D engulfing negative close, small bounce up from W S2. Asian trade did not take advantage of chance to move up. 4hr flow still lower high lower low. Bias down.
GU - Similar picture to EUR, except the stall came at the Apr/May lows. Considering that the move up was minimal bias down.
EJ - D closed negative, RSI cross lower on 50 level. Could not close below Wed's low. 4hr showing a break above the upper trend line. 1hr seems to be on a higher low. Nothing conclusive to be, no bias perhaps clearer by London open.
EURAUD - D 3 bar reversal (close lower than previous 2 candle closes), RSI cross lower, the upper resistance area below 1.44 holding. 4hr shows the support at 1.4120 failed, a small push up from W M2 in Asian session. Does not seem that buyers are active, bias down.
AUD - D closed positive, RSI positive divergence and crossed up but still below 50 level. The 4hr RSI cross up previously mentioned did give a counter trend move to the 20-24 June lows which may act as resistance. Looking for 4hr to signal sells back into down trend.
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