20 November 2014

Yesterday, BOE minutes showed splits among those who favoured keeping rates Unchanged while FOMC release didn't show any big shift in policy.

Yesterday EU tested 1.2600 during FOMC released, yet subsequently dropped to 1.2550. Long was closed before FOMC. Bias up.
Daily - Previous day candle formed a doji, above 8 lwma, RSI above 50.
H4 - Lower high, higher low, above 8 lwma, RSI above 50, above signal. W P 1.2488, W R1 1.2580, W R2 1.2640

Yesterday GU rose after BOE minutes and closed near the high at 1.5670. Bias down.
Daily - Previous day candle closed with an engulfing bullish candle, below 8 lwma, RSI above 30.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 30. W P 1.5734, W S1 1.5523, W S2 1.5381