20 October 2014

This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).

EU moved within 1.2740 and 1.2840 for the past two days. No bias. Might bounce from support.
Daily - Previous day candle closed with a black body, above 8 lwma, RSI above 50.
H4 - Lower low, lower high, below 8 lwma, RSI below 50, below signal. W P 1.2755, W S1 1.2624.

GU dropped to 1.6028 before rose to the high of 1.6125. No bias. Might bounce from support.
Daily - Previous day candle closed with a doji, above 8 lwma, RSI below 50.
H4 - Higher low, above 8 lwma, above signal, RSI above 50. W P 1.6030, W R1 1.6186.