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.