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.