9 October 2014

Yesterday, dovish FOMC meeting minutes sent dollar into a slump. They concerned about global risk.

This week, there will be BOE cash rate decision on Thursday (9th October).

EU rose to the high of 1.2750 post-FOMC. Bottom may have formed. Bias up.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI above 50. Past three days formed a 3-white-soldiers pattern.
H4 - Higher low, above 8 lwma, RSI above 70, above signal. W R2 1.2790, W M5 1.2830, W R3 1.2867.

GU rose to the high of W R1 1.6185 after FOMC. No bias. Sell the rallies.
Daily - Previous day candle closed with a white body, above 8 lwma, RSI below 50, below 200ema. Past three days formed a 3-white-soldiers pattern.
H4 - Higher low, above 8 lwma, RSI above 70. W M4 1.6294, W R2 1.6403.