30 September 2014

This week, there will be ECB rate decision on Thursday (2nd Oct) and NFP on Friday (3rd Oct)

EU moved within 1.2660 and 1.2720. Bias down. Sell into rallies.
Daily - Previous day candle closed with a doji, below 8 lwma, RSI below 30.
H4 - Lower high and higher low, below 8 lwma, RSI above 30 below 50, above signal. W P at 1.2753, W S1 1.2605, W S2 1.2529.

GU moved within 1.6210 and 1.6280. Bias down. Sell into rallies.
Daily - Previous day candle closed with a doji, below 8 lwma, below 200 EMA, RSI below 50.
H4 - Higher low and lower high, below 8 lwma, RSI above 30 below 50, below all ema. W S1 1.6180, W S2 1.6120.