2 October 2014

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

EU moved within 1.2580 and 1.2640, yesterday low W M1 1.2570 was not broken. Bias down. Sell into rallies.
Daily - Previous day candle closed with a doji with long lower wick, below 8 lwma, RSI below 30.
H4 - Lower high, above 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 1.6160 and 1.6250, yesterday support around 1.6160 was still intact. No bias. Might bounce from support.
Daily - Previous day candle closed with a black doji, below 8 lwma, below 200 EMA, RSI below 50 and below signal.
H4 - Lower high, below 8 lwma, RSI above 30 below 50, below all ema. W S1 1.6180, W S2 1.6120.