Thursday, April 11, 2013

Vantage meets: lowest, lower system

EUR EJ GU 8 Apr

Needless to do a recap like the big move was associated NFP. All 3 pairs were retraces to some extent until the new moves to the top.

EUR - towards the level of support/resistance of Feb - Apr ' 12 and 13 January. Spark plug positive closed W near the high of the previous weeks. (D) closed positive with a superior bit. 4 h / throughput high low top, RSI broke below. D propose upwards, there is a level of resistance that we can react less to and COT data show the big boys are bearish on EUR may go either way now.

GU - W farm hammer positive and we seem to be through levels low resistance Dec and 12 May. D positive close, 4 h / higher throughput. Bias upwards.

EJ - W engulfing close. D positive close, 4 h / one-way flow upwards. Bias upwards.

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