Monday, September 1, 2014

1 September 2014

This Thursday there will be decision on rate by ECB and BOE, Friday NFP.

EU closed the week at low. More downside expected. Bias down with bounce from support.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 30 (with bullish divergence).
H4 - Lower low, below 8 lwma, RSI below 30. Next support at W S1 1.3100, W S2 1.3070.




GU moved in a range between 1.6600 and 1.6540 (previous low) last week. No bias.
Daily - Previous day candle closed with a doji, above 8 lwma, below 200 EMA, RSI above 30 and signal.
H4 - Range bound, above 8 lwma, RSI above 50. Resistance W R1 1.6625, support W S1 1.6545.



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