27 October 2014

This week, there will be FOMC statement and USD funds rate decision on Wednesday (29th October 2014)

EU rose to the high of 1.2695. No bias. Might bounce from support.
Daily - Previous day candle closed with a white body, below 8 lwma, RSI below 50.
H4 - Higher low, lower high, below 8 lwma, RSI just above 50, above signal. W S1 1.2575, W P 1.2707.

GU rose to the high of 1.6098. Bias up. Buy on dips.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI below 50.
H4 - Higher low, higher high, above 8 lwma, above signal, RSI above 50. W S1 1.59993, W P 1.6088.