26 November 2014

This week, there will be no central bank rate decisions, only US Prem GDP (25th Nov, Tuesday) and OPEC meeting (27th Nov, Thursday).

Yesterday EU rose to close near the high of 1.2490. No bias. Might fall from resistance.
Daily - Previous day candle formed a hammer, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.

Yesterday GU rose to the high of W R1 1.5729 from W P 1.5659 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a doji with long lower wick, above 8 lwma, RSI below 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5582, W P 1.5659, W R1 1.5729.