24 October 2014

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

EU moves within 1.2615 and 1.2675. W S1 1.2624 was tested. Might bounce from support.
Daily - Previous day candle closed with a doji, below 8 lwma, RSI below 50.
H4 - Lower low, lower high, below 8 lwma, RSI below 50, below signal. W S1 1.2624, W S2 1.2488.

GU moves within 1.6000 and 1.6060. Bias down. 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 (with bullish divergence). W P 1.6030, W S1 1.5934.