29 October 2014

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

EU rose again to the high of 1.2765 and was rejected to below 1.2735. No bias. FOMC pending.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50.
H4 - Higher low, lower high, above 8 lwma, RSI above 50, above signal. W S1 1.2575, W P 1.2707, W R1 1.2801

GU rose yet was rejected of W R1 1.6183. No bias. FOMC.
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, W R2 1.6278