Last Friday EU closed the week at low near 1.2275 after strong NFP report. Bias down. Might bounce from support. Follow flow.
Daily - Previous day candle formed an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, RSI below 50 (with bullish divergence), below signal. W S1 1.2200, W P 1.2353, W R1 1.2436.
Last Friday GU dropped to new low and closed near the low at 1.5565. Bias down.
Daily - Previous day candle closed with an engulfing bearish candle (3-bar reversal), below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, below signal, RSI below 30. W S1 1.5506, W P 1.5634, W S1 1.5700.
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