DAILY REVIEW 31 Mar 2014
EU: Weekly- the candle is a below average spread (171pips) bear spinning top closing on low vol>1week. The candle close and volume suggests the commencement of reaccumulation. The Daily candle is a small spread (68pips) bear closing off the low on low vol<4days. 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 - 1.3660, 1.3654 - 1.3642 (confluence Fib 61.8%) Supply: short-term- 1.3770 - 1.3778, 1.3966 The Asian range is 1.3744 – 1.3762. SM is likely to fade weak shorts back to the breakout level 1.3775 or higher and reverse to re-commence the re-accumulation at the lows before reversing around the 1.3700 key level or lower.
EU long levels:  1.3700, 1.3677, 1.3650 EU short levels: 1.3775, 1.3825, 1.3850, 1.400, 1.4050

GU: Weekly- the candle is a below average spread (185pips) bull closing near the high on low vol>1week. The candle close and volume suggests more upside.
The Daily candle is a small spread (55pips) bull closing near the high on low vol<3days. The candle close and volume suggests downside before resuming the upward movement. Levels of interest: Short-term "supply": 1.6665, 1.6692, 1.6710 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 1.6627 – 1.6656. SM is likely to induce shorts at Asia low or lower and reverse to either the 1.66651 – 1.6665 level or higher for profit taking before reversing to commence markdown and reaccumulation.  
GU long levels:  1.6558, 1.6531, 1.6500 GU short levels:  1.6665, 1.6692, 1.6710, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at EST 5.08am