This week, there will be FOMC meeting minutes on Wednesday (8th Wednesday) and BOE cash rate decision on Thursday (9th October).
EU dropped to 1.2500 after NFP report. Bias down, might bounce from support.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 30 (with bullish divergence).
H4 - Lower low, below 8 lwma, RSI below 30, below signal. W M2 at 1.2507, W S1 1.2438, W M1 1.2400.
GU dropped to 1.5955 from 1.6150. 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 (with bullish divergence).
H4 - Lower low, below 8 lwma, RSI below 30, below all ema. W M2 1.5958, W S1 1.5849, W m1 1.5790.
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