DAILY REVIEW 27 Nov 2013
EU: The Daily candle is a below average spread (60pips) bull closing at the top on low vol>2days. The candle close and volume suggests more upside. Some analyst’s headlines state “Forex Crowds Grow Further Short EURUSD”. Price has broken and held above TR1 high 1.3578 with the Asian range 1.3557 – 1.3598 currently. Levels of interest:  Daily Fib 61.8% @ 1.3622 Previous breakout level 1.3660 Daily Fib 78.6% @ 1.3715 confluence with H4 breakout level 1.3735, Daily Fib88.6% @ 1.3770 confluence with H4 supply level 1.3771 – 1.3790 Prices have already broken yesterday’s high and SM is likely to maintain buying pressure to test the 1.3600 key level to induce longs and then reversing downwards to fade the weak longs and later reverse back upward into the new “uptrend”. 
EU long levels:  1.3557, 1.3542, 1.3530 EU short levels:  1.3608, 1.3625, 1.3695


GU: The Daily candle is a near-normal spread (80pips) bull closing at the high on low vol>1day. The candle close and volume suggests more upside. Price has broken yesterday’s high with a daily close at 1.6113 (above previous Asia breakout level of 1.6209) and the Asian range is 1.6198 – 1.6229 SM is likely to create buying pressure to test the current day high or this week’s high 1.6239 before reversing downward to fade weak and reload inventory before reversing upwards.
GU long levels:  1.6196, 1.6177, 1.6144 GU short levels: 1.6239 (short term only), 1.6255, 1.6290 – 1.6300, 1.6321, 1.6353, 1.6380