EU moved within a narrow range 1.3120 - 1.3160 (W Pivot level). Yesterday short didnt look good at the moment.
Daily - Previous day candle closed with an engulfing bullish candle, below 8 lwma, RSI below 30.
H4 - Higher low, above 8 lwma, RSI above 50, above signal. First rejection off W P. Next resistance at W R1 1.3190, W R2 1.250.
GU dropped further to 1.6435 twice after rejection off near W S2 1.6500. Might bounce from support.
Daily - Previous day candle closed with a doji after huge drop, below 8 lwma, below 200 EMA, RSI below 30.
H4 - Lower high, below 8 lwma, RSI below 30 with bullish divergence. W S3 1.6470 was the low in March 2014 before the rallied to 1.7150 started.
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