29 August 2014

EU moved within W M2 1.3230 and W M1 1.3140. No bias.
Daily - Previous day candle closed with a doji, higher low, below 8 lwma, RSI below 30. Next support at W S1 1.3170, W S2 1.3100.
H4 - Lower high and higher low, below 8 lwma, RSI below 50.

GU moved in a range between 1.6600 and 1.6540 (previous low). No bias.
Daily - Previous day candle closed with an inverted hammer (shooting star), above 8 lwma, below 200 EMA, RSI above 30 and signal.
H4 - Range bound, above 8 lwma, RSI above 50. Next support W S1 1.6500, W S2 1.6440.

28 August 2014

EU rebounded to 1.3190. Bias down with bounce from support. More downside expected.
Daily - Previous day candle closed with an engulfing bullish candle, below 8 lwma, RSI below 30. Next support at W S1 1.3170, W S2 1.3100.
H4 - Lower high and higher low, above 8 lwma, RSI below 50 (with bullish divergence).

GU moved in a range between 1.6600 and 1.6540 (previous low). No bias.
Daily - Previous day candle closed with an engulfing bullish candle, below 8 lwma, below 200 EMA, RSI above 30.
H4 - Range bound, above 8 lwma, RSI above 50. Next support W S1 1.6500, W S2 1.6440.

27 August 2014

EU drops to W S1 1.3170. Bias down with bounce from support. More downside expected.
Daily - Previous day candle closed with an inverted black hammer, below 8 lwma, RSI below 30. Next support at W S2 1.3105.
H4 - Previous candle closed with an engulfing bearish candle. Lower low, below 8 lwma, RSI below signal, below 30 (with bullish divergence).

GU moved in a range between 1.6600 and 1.6540 (previous low). Bias down. Looking to sell on rallies. Yesterday trade was closed at the low.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, below 200 EMA, RSI below 30.
H4 - Previous candle closed with an engulfing bearish candle, below 8 lwma, RSI below 50. Next support W S1 1.6500, W S2 1.6440.

26 August 2014

EU opened gap down and didn't close the gap, stalls at 1.31900. Bias down with bounce from support. More downside expected.
Daily - Previous day candle gap down and closed with a bearish candle, below 8 lwma, RSI below 30.
H4 - Lower low, below 8 lwma, RSI below signal, below 30 (with bullish divergence). Next support at W S1 1.3170, W S2 1.3105.

GU opened with a gap down to 1.6535 and closed the gap to 1.6570. Bias down. Looking to sell on rallies. A trade was taken.
Daily - Previous day candle closed with an engulfing bullish candle, below 8 lwma, below 200 EMA, RSI below 30.
H4 - Higher low and lower high, above 8 lwma, RSI below 50. Next support W S1 1.6500, W S2 1.6440.

25 August 2014

EU opens with a gap down to 1.3200. Bias down with bounce from support. More downside expected.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 30.
H4 - Lower low, below 8 lwma, RSI below signal, below 30. Next support at W S1 1.3173, W S2 1.3105.

GU opens with a gap down to W M1 1.6560. Bias down with bounce from support. More downside expected.
Daily - Previous day candle closed with an bearish candle with longer wick at the top, below 8 lwma, below 200 EMA, RSI below 30.
H4 - Lower low, below 8 lwma, RSI into oversold region. Next support W S1 1.6500, W S2 1.6440.

22 August 2014

EU bounced back to W S3 1.3270 after dropped to 1.3240. Bias down with bounce from support.
Daily - Previous day candle closed with a bullish candle, below 8 lwma, RSI above 30. Next support at M S2 1.3150.
H4 - Higher low, above 8 lwma, RSI above signal, below 50.

GU continues to drop, stalls at W M1 1.6580. Bias down with bounce from support. Reversal might happen.
Daily - Previous day candle closed with a small bearish candle, below 8 lwma, below 200 EMA, RSI below 30.
H4 - lower low, below 8 lwma, RSI into oversold region (with bullish divergence). Next support W S2 1.6540, W M0 1.6480.

21 August 2014

Today the FED meeting minutes were released, hinted earlier interest hike.

EU continue breakout to the downside, broke through W S2 1.3300 W S3 1.3270 support area, stalls at 1.3250. More downside expected. Bias down.
Daily - Previous day candle closed with another big bearish candle, below 8 lwma, RSI below 30. Next support at M S2 1.3150.
H4 - Lower low, below 8 lwma, RSI below 30 (with bullish divergence).

GU continues to drop, broke through W S1 1.6615, stalls at 1.6590. Bias down with bounce from support. Reversal might happen.
Daily - Previous day candle closed with an inverted black hammer, below 8 lwma, below 200 EMA, RSI below 30.
H4 - lower low, below 8 lwma, RSI into oversold region (with bullish divergence). Next support W M1 1.6580, W S2 1.6540.

20 August 2014

Today the FED meeting minutes will be released. Beware.

EU breakout to the downside, broke through W S1 1.3350 support area. More downside expected. Bias down.
Daily - Previous day candle closed with a big bearish candle, below 8 lwma, RSI below 50 and signal, stalls at W M1 1.3320 area.
H4 - Lower low, below 8 lwma, RSI below 50. Next support at W S2 1.3300.

GU continues to drop, stalling at W S1 1.6615. Short was taken after the 3-bar reversal at 1.6705. Bias down with bounce from support.
Daily - Previous day candle closed with a big bearish candle, below 8 lwma, breaks 200 EMA, RSI below 30 (with bullish divergence).
H4 - lower low, below 8 lwma, RSI into oversold region. Next support W M1 1.6580, W S2 1.6540.

19 August 2014

This week, there will be FED meeting minutes on 20th August. Nothing big is expected before that.

EU was still consolidating between W Pivot and W S1. No bias. Waiting for breakout.
Daily - Previous day candle closed with a big bearish candle, below 8 lwma, RSI below 50, strong support from W S1 1.3350 W M1 1.3325 area. Combine 2 previous day candles we will see a doji with longer wick at the top.
H4 - Lower high, below 8 lwma, RSI below 50.

GU opened with gap up, stalling at W Pivot 1.6730. Bias down and bounce from support.
Daily - Previous day gap up and closed with a small hanging man, 8 lwma, RSI below 50, W M2 support 1.6670 and W S1 support 1.6610.
H4 - range bound, above 8 lwma, RSI above 50.

18 August 2014

This week, there will be FED meeting minutes on 20th August. Nothing big is expected before that.

Last Friday, EU was consolidating between W Pivot and W S1. Bias up.Waiting for breakout.
Daily - Previous day candle closed with a bullish engulfing candle, above 8 lwma, RSI below 50, strong support from W S1 1.3350 area.
H4 - Higher low, above 8 lwma, RSI above 50.

Last Friday, GU didnt break through W M2 1.6650/60. Bias down and bounce from support.
Daily - Previous day closed with a small doji, below 8 lwma, RSI into oversold region, W M2 support 1.6670 and W S1 support 1.6610. W M2 might hold.
H4 - range bound, below 8 lwma, RSI below 50.

15 August 2014

Yesterday, EU was ranged bound between W Pivot and W S1 range again. Nothing big expected from Friday. Let see which way will it break out next week.
Daily - Previous day candle closed with a pin bar again, still below 8 lwma, RSI below 50, strong support from W S1 1.3350 area
H4 - Below 8 lwma, RSI below 50.

Yesterday, GU didnt break through W M2 1.6650/60. Bias down and bounce from support.
Daily - Previous day closed with a doji, below 8 lwma, RSI into oversold region (with divergence), W M2 support 1.6650 and W S3 support 1.6600
H4 - higher low, above 8 lwma, RSI below 50, into oversold region.

14 August 2014

Yesterday, EU moved within W Pivot and W S1 range. No bias today, can go either way.
Daily - Previous day candle closed with a pin bar, still below 8 lwma, RSI below 50, strong support from W S1 1.3350 area
H4 - Below 8 lwma, RSI below 50.

Yesterday, GU bias down played out. Currently at support W S2 1.6685. A short was taken yesterday at 1.6800 after the 3 bar reversal.
Daily - Previous day closed with a big bearish engulfing candle, below 8 lwma, RSI into oversold region, W M2 support 1.6650 and W S3 support 1.6600
H4 - below 8 lwma, RSI above 50, into oversold region.