Tuesday, September 2, 2014

2 September 2014

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

EU moved within a narrow range 1.3120 - 1.3150. More downside expected. Bias down with bounce from support.
Daily - Previous day candle closed with a doji, below 8 lwma, RSI below 30 (with bullish divergence).
H4 - Lower high, below 8 lwma, RSI below 50, below signal. Next support at W S1 1.3100, W S2 1.3070.




GU moved higher and rejected twice off W R1 1.6625. Bias up.
Daily - Previous day candle may have formed a three-white-soldiers pattern, above 8 lwma, below 200 EMA, RSI above 30 and signal.
H4 - Higher low, above 8 lwma, RSI above 50. Resistance W R2 1.6660, W R1 1.6625, support W S1 1.6545.



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