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.