DAILY REVIEW 25 Nov 2013
EU: Weekly – the candle is a small spread (180pips) bull closing off the high on average vol>1day. The candle close and volume suggests more upside. The Daily candle is a normal spread (117pips) bull closing just off the high on low  vol<3days. Price is still within TR1: 1.3498 – 1.3578 today (refer to last Friday’s review).  Most analysts’ platforms show an increase in net short positions. Levels of interest: 1.3517 (H4 ema200) 1.3500 key level. The Asian range is 1.3534 – 1.3559 currently. SM is likely to create selling pressure to induce more shorts possibly to 1.3500 key level before reversing upwards. 
EU long levels:  1.3533, 1.3515, 13500, 1.3461 EU short levels:  1.3578, 1.3695


GU: Weekly – the candle is a small spread (186pips) bull closing at the high on average vol >12days. The candle close and volume suggests more upside to test the supply levels at around 1.6280 The Daily candle is a small spread (51pips) bull closing at the high on high vol<3days with bearish volume divergence. The candle close suggests more upside but volume suggests no demand.  Price opened slightly gapped up today but has since closed and the Asian range is 1.6204 – 1.6239 currently. On the weekly chart, price had tested the supply zone around 1.6280 THREE times previously. SM is likely to create selling pressure to reload inventory, perhaps to around the 1.6183 level before reversing upwards.
GU long levels:  1.6180, 1.6167, 1.6133, 1.6102  GU short levels: 1.6239 (short term only), 1.6255, 1.6290 – 1.6300, 1.6321, 1.6353, 1.6380