DAILY REVIEW 10 Dec 2013
My apologies just got back after the whole day out attending to urgent matters. Posted EST 7.30am

EU: The Daily candle is a small spread (51pips) bull closing at the high on low vol<3days with continued daily bearish volume divergence. The candle close suggests further upside but the volume suggests a lack of buying interest. Unchanged Levels of interest:  Daily Fib 61.8% @ 1.3622 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 Test of Daily breakout level 1.3868 25Oct2013 swing high 1.3831 The Asian range is 1.3732 – 1.3766. Potential TR Lower: 1.3610 – 1.3650 TR Upper: 1.3650 – 1.3720. Price is well within reach of the 1.3831 level and a close above that will likely see a test of the 1.3870 level. These supply levels will be tested and are high probability reversal levels for a retracement for SM to take profit. SM is likely to maintain selling pressure before reversing upwards to test the higher supply levels.
 EU long levels: 1.3705, 1.3695, 1.3650, 1.3620, 1.3600 EU short levels:  1.3830, 1.3870

GU: The Daily candle is a above-average spread (109pips) bull closing at the high on low vol<24days. The candle close suggests more upside but volume suggests that momentum has slowed and may be topping off. The Asian range is 1.6417 – 1.6464. SM has actually reset GU to a long bias again. SM is likely to maintain selling pressure and then reverse back upward but volume is falling off so we may see very choppy price action if not a full blown reversal.
GU long levels:  1.6380, 1.6321, 1.6300 GU short levels: 1.6452, 1.6490, 1.6527, 1.6570, 1.6620, 1.6660, 1.6735, 1.6750