DAILY REVIEW 28 Mar 2014
EU: The Daily candle is a small spread (68pips) bear closing off the low on high vol>1days. The candle close and volume suggests downside. Levels of interest: Demand: short term-  1.3710 - 1.3692 (Daily dbr and confluence Fib 50%), 1.3677 - 1.3668, 1.3654 - 1.3642 (confluence Fib 61.8%) Supply: short-term- 1.3770 - 1.3778, 1.3966 The Asian range is 1.3709 – 1.3751 currently. SM used the mixed US news yesterday to keep the re-accumulation campaign going. SM is likely to fade weak shorts back to the breakout level 1.3737 or higher and reverse to re-commence the re-accumulation at the lows before reversing northwards next week.
EU long levels:  1.3700, 1.3677, 1.3650 EU short levels: 1.3775, 1.3825, 1.3850, 1.400, 1.4050

GU: The Daily candle is a normal spread (91pips) bull spinning top closing about 1/3 off the high on high vol>8days. The candle close and volume suggests SM will fade before recommencing the move. Levels of interest: Short-term "supply": 1.6651, 1.6665 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6558, 1.6531, 1.6500, 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6568 – 1.6585 currently. SM is likely to induce longs at the 1.6651 - 1.6665 level and reverse to either the 1.6544 – 1.6534 level or lower to the 1.6525 level before reversing to continue the northbound move.  
GU long levels:  1.6558, 1.6531, 1.6500 GU short levels:  1.6651, 1.6665, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 5.16 am EST