3 October 2014

Today, ECB kept rate unchanged and will buy assets for at least two years to lift inflation and boost growth, while NFP on Friday (3rd Oct)

EU rose to test 1.2700 before closed the day at 1.2670, W M2 1.2680. Bias up, reversal might happen.
Daily - Previous day candle closed with a bullish candle, past 3 days formed a morning doji star, below 8 lwma, RSI near 30. A reversal sign.
H4 - Higher low, above 8 lwma, RSI above 50, above signal. W R1 at 1.2830, W P at 1.2753, W S1 1.2605.

GU dropped from 1.6250 to W S2 1.6120 before closed the day at 1.6150 (yesterday support). Bias down. Might bounce from support.
Daily - Previous day candle closed with another bearish candle, below 8 lwma, below 200 EMA, RSI below 30 and below signal.
H4 - Lower low, below 8 lwma, RSI above 30 below 50 (with bullish divergence), below all ema. W S1 1.6180, W S2 1.6120.