31 October 2014

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

EU dropped below W S1 1.2575 to the low of 1.2550, yet has since recovered to 1.2610. Bias down. Sell on rallies.
Daily - Previous day candle closed with a hanging man, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, RSI above 30, below signal. W P 1.2707, W S1 1.2575, W S2 1.2481.

GU dropped to 1.5950 before recovered to W S1 1.6000. Bias down. Sell on rallies.
Daily - Previous day candle closed with a doji with longer wick below, below 8 lwma, RSI below 50.
H4 - Lower high, below 8 lwma, below signal, RSI above 30. W S2 1.5898, W S1 1.59993, W P 1.6088