23 October 2014

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

EU continues the drop to 1.2650. Bias down played out. Might bounce from support.
Daily - Previous day candle closed with another black body, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, RSI below 30, below signal. W P 1.2755, W S1 1.2624, W S2 1.2488.

GU continues the drop to 1.6010 before finding support at W P 1.6030. Might bounce from support.
Daily - Previous day candle closed with a black body, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, below signal, RSI below 50. W P 1.6030, W S1 1.5934.