28 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 1.2720 and was rejected to below W P 1.2707. Range bounce. No bias.
Daily - Previous day candle closed with a white body, below 8 lwma, RSI below 50.
H4 - Higher low, lower high, below 8 lwma, RSI above 50, above signal. W S1 1.2575, W P 1.2707.

GU rose to the high of 1.6145 and was rejected. 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 50. W S1 1.59993, W P 1.6088.