30 October 2014

Today (29th October 2014) Fed ended the open ended asset purchase program and maintained interest rate near zero.

EU dropped from 1.2770 to 1.2630 after FOMC statement. Bias down. Sell on rallies.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, RSI below 30, below signal. W P 1.2707, W S1 1.2575, W S2 1.2481.

GU dropped from1.6160 near W R1 1.6183 to W S1 1.5999 after FOMC statement. Bias down. Sell on rallies.
Daily - Previous day candle closed with a big black body, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, below signal, RSI below 30. W S2 1.5898, W S1 1.59993, W P 1.6088