21 October 2014

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

EU bounced from 1.2735 to 1.2815 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, RSI above 50, above signal. W P 1.2755, W S1 1.2624.

GU rose from opening 1.6080 to the high near W R! 1.6186. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, above 8 lwma, above signal, RSI above 70. W P 1.6030, W R1 1.6186, W R2 1.6282