DAILY REVIEW 30 Apr 2014
EU: The Daily candle is a below average spread (73pips) bear closing on high vol>9days. The candle and volume suggests more downside. Levels of interest: Demand: short term: 1.3800, 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) SM moved prices yesterday up to 1.3878 and again falling just short of the gap close at 1.3884 and yesterday’s low has already been broken. SM is likely to fade weak shorts upto around the 1.3833 or even the 1.3842 level before maintaining the selling pressure to test the 1.3800 key level or lower before reversing back long. A break and close below 1.3778 will likely see more downside.
EU long levels: 1.3800, 1.3785, 1.3690 EU short levels:  1.3833, 1.3842, 1.3900, 1.3966, 1.400, 1.4050

GU: The Daily candle is a small spread (54pips) bull spinning top closing on low vol<1day. The candle close and volume suggests more downside. Levels of interest: Weekly/Daily supply level 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 Prices failed to make a new high yesterday and price is contained within the H4 TR 1.6762 – 1.6860 SM is likely to create buying pressure test yesterday’s high at 1.6845 or higher before reversing back down for the reversal.  
GU long levels:  1.6800, 1.6740, 1.6720 GU short levels: 1.6860, 1.6875, 1.7000, 1.7030

Posted at 00.54 am EST

DAILY REVIEW 29 Apr 2014
EU: The Daily candle is a small spread (64pips) bull small-body spinning top closing on average vol>1day. The candle and volume suggests more downside after first pushing long. Levels of interest: Demand: short term: 1.3838, 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) SM moved prices yesterday up to 1.3878 falling just short of the gap close at 1.3884 Prices retraced back to 1.3838 during the US session. SM is likely to create buying pressure to test yesterday’s high or higher to the 1.3900 key level before reversing. A break and close above 1.3905 will likely see a test of the 1.3966 pivot high.
EU long levels: 1.3838, 1.3785, 1.3690 EU short levels:  1.3900, 1.3966, 1.400, 1.4050

GU: The Daily candle is a small spread (40pips) bear pseudo “upthrust” closing on low vol<3days. The candle close and volume suggests more upside followed by downside. Levels of interest: Weekly/Daily supply level 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 Sm pushed prices to 1.6856 yesterday before reversing back to reaccumulate at the 1.6800 key level. SM is likely to create buying pressure to stop out shorts from the 1.6805 upthrust close level at yesterday’s high or higher and test the 1.6875 pivot before reversing back down for the reversal. 
GU long levels:  1.6800, 1.6740, 1.6720 GU short levels: 1.6860, 1.6875, 1.7000, 1.7030

Posted at 3.13 am EST

DAILY REVIEW 28 Apr 2014
EU: Weekly- the candle is a small spread (69pips) bull spinning top closing on low vol<17weeks. The candle close and volume suggests more downside. The Daily candle is a small spread (21pips) pseudo upthrust doji  closing on low vol<3days. The candle and volume suggests a bear trap. Levels of interest: Demand: short term: 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 Price opened with an 11pips gap up and has since closed decisively below Friday’s low. SM has pushed prices to 1.3879 currently and are likely to close the gap  at 1.3885, reverse to around the 1.3850 level and move to retest the 1.3905 pivot. A break and close above 1.3905 will likely see a test of the 1.3966 pivot high.
EU long levels:  1.3850, 1.3785, 1.3690 EU short levels:  1.3900, 1.3966, 1.400, 1.4050

GU: Weekly- the candle is a small spread (77pips) doji closing on low vol<16weeks. The candle close and volume suggests a bear trap. The Daily candle is a small spread (40pips) bear pseudo “upthrust” closing on low vol<3days. The candle close and volume suggests more downside followed by upside. Levels of interest: Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 At time of writing, SM has moved price to the weekly/daily supply at 1.6853 level. SM is likely to maintain buying pressure to test the 1.6875 pivot before reversing back down for the reversal. 
GU long levels:  1.6800, 1.6740, 1.6720 GU short levels: 1.6860, 1.6875, 1.7000, 1.7030

Posted at 6.15 am EST

DAILY REVIEW 25 Apr 2014
EU: The Daily candle is a small spread (51pips) bull hammer closing off the high on average vol<1day. The candle close and volume suggests more downside. Levels of interest: Demand: short term: 1.3785, 1.3767 – 1.3760, 1.3735 – 1.3745  Supply:  short-term: 1.3966 The Asian range is 1.3826 – 1.3837 currently. Nothing has changed and price is still well within the 2 pivots 1.3785 and 1.3862. SM created a bear trap in H1 yesterday and price has yet to take out shorts from that "upthrust" close at 1.3830 yesterday. SM is likely to stop out any remaining short positions to the 1.3855 or the 1.3862 pivot again before reversing back down to break below 1.3785. Any break and close above the 1.3862 level will likely see a retest of the pivot at 1.3905.
EU long levels:  1.3775, 1.3765, 1.3750 EU short levels: 1.3855, 1.3862, 1.3900, 1.400, 1.4050

GU: The Daily candle is a small spread (41pips) bull closing near the high on average vol<1day. The candle close and volume suggests more upside. Levels of interest: Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6797 – 1.6810 currently. Traders that were short at the H4 bear trap (1.6783) are already likely mostly stopped out. SM is likely to test the day high at 1.6810 level before reversing back down. However, a break and close above 1.66810 will likely result in a retest of the 1.6841 pivot. 
GU long levels:  1.6760, 1.6740, 1.6720 GU short levels: 1.6810, 1.6841, 1.6860, 1.6875, 1.7000, 1.7030

Posted at 3.15 am EST

DAILY REVIEW 24 Apr 2014
EU: The Daily candle is a small spread (54pips) bull closing 2/3 off the high on average vol>2days. The candle close and volume suggests more downside. Levels of interest: Demand: short term: 1.3785, 1.3767 – 1.3760, 1.3735 – 1.3745  Supply:  short-term: 1.3966 The Asian range is 1.3811 – 1.3825. SM whipped prices up and back down yesterday using a mixture of Euro news. They have literally swept the entire lower range from 1.3785 to 1.3862. The "inside week" that was created by he gap down still exists and whether or not it is accumulation or distribution will depend now on what they at these 2 pivots 1.3785 and 1.3862 with the likelihood of distribution the more likely. SM is likely to test yesterday's high 1.3855 or the 1.3862 pivot again before reversing back down to break below 1.3785. Any break and close above the 1.3862 level will likely see a retest of the pivot at 1.3905.
EU long levels:  1.3775, 1.3765, 1.3750 EU short levels: 1.3855, 1.3862, 1.3900, 1.400, 1.4050

GU: The Daily candle is a below average spread (73pips) bear closing off the low on average vol>4days. The candle close and volume suggests more downside. Levels of interest: Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6772 – 1.6789 currently. SM look like they have commenced the markdown arising from the weekly volume divergence. SM is likely to test the 1.6800 level or the breakout level 1.6818 before reversing back down. However, a break and close below 1.6772 will likely result in more downside for a significant move down. Below is a chart I posted yesterday when asked by someone what my thoughts were about GU.
GU long levels:  1.6760, 1.6740, 1.6720 GU short levels: 1.6805, 1.6820, 1.6841, 1.6860, 1.6875, 1.7000, 1.7030

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Posted at 2.36 am EST

DAILY REVIEW 23 Apr 2014
EU: The Daily candle is a small spread (39pips) bull closing >1/2 off the high on low vol>2days. The candle close and volume suggests more downside. Levels of interest: Demand: short term: 1.3785, 1.3767 – 1.3760, 1.3735 – 1.3745  Supply:  short-term: 1.3966 The Asian range is 1.3799 – 1.3836. At the of writing, there has been a slew of Euro news and EU has rebounded after going to Asia low. SM is likely to test the 1.3862 pivot again. Any break and close above the 1.3862 level will likely see a retest of the pivot at 1.3905.
EU long levels:  1.3775, 1.3765, 1.3750 EU short levels: 1.3800, 1.3815, 1.3830, 1.3862, 1.3900, 1.400, 1.4050

GU: The Daily candle is a small spread (53pips) bull closing off the high on low vol>2days. The candle close and volume suggests more upside to test supply. Levels of interest: Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6816 – 1.6835 At the time of writing, UK news had already been released and found to be be poor. SM is likely to test the 1.6785 level or lower and reverse upwards to clear supply at 1.6875. However, a break and close below 1.6772 will likely result in more downside for a significant move down.
GU long levels:  1.6772, 1.6760, 1.6740, 1.6720 GU short levels: 1.6835, 1.6860, 1.6875, 1.7000, 1.7030

Posted at 6.36 am EST

DAILY REVIEW 22 Apr 2014
EU: The Daily candle is a small spread (43pips) bear closing off the low on very low vol>1day. The candle close and volume suggests more downside. Levels of interest: Demand: short term: 1.3785, 1.3767 – 1.3760, 1.3735 – 1.3745  Supply:  short-term: 1.3966 The Asian range is 1.3789 – 1.3796 currently. Easter Monday yesterday resulted in low volume. The context of the weekly is still in place and price remains in a "inside week" position. SM is likely to create selling pressure to test the 1.3785 pivot inducing shorts before fading them to around the 1.3800 - 1.3815 level and reversing reversing down again to the day's low or lower. Any break and close above the 1.3862 level will likely see a retest of the pivot at 1.3905.
EU long levels:  1.3775, 1.3765, 1.3750 EU short levels: 1.3800, 1.3815, 1.3830, 1.3862, 1.3900, 1.400, 1.4050

GU: The Daily candle is a small spread (44pips) bull "almost doji" with a slightly longer pin above closing on low vol>1day. The candle close and volume suggests further downside. Levels of interest: Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6784 – 1.6797 currently. Easter Monday yesterday meant that many markets were closed and volume continued to be low. The context of the weekly volume analyzed remains unchanged and the current daily candle could well turn out to be a bear trap before the actual reversal from supply levels above. SM is likely to retest the 1.6772 pivot or lower to 1.6750 breakout level to induce weak shorts before reversing to retest the previous supply 1.6823 breakout level or higher to the 1.6840 pivot before reversing back downward.
GU long levels:  1.6772, 1.6760, 1.6740, 1.6720 GU short levels: 1.6835, 1.6860, 1.6875, 1.7000, 1.7030

Posted at 12.57 am EST

DAILY REVIEW 21 Apr 2014
EU: Weekly- the candle is a small spread (75pips) bear spinning top closing on low vol<15weeks. The candle close and volume suggests upward retracement and followed by more downside. The Daily candle is a small spread (18pips) bear closing at the low on very low vol<262days. The candle close and volume suggests no selling pressure. Levels of interest: Demand: short term: 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3805 – 1.3824 The last trading day was Good Friday and had neither range nor volume as expected. SM is likely to retest the 1.3862 level before reversing to retest Friday's lows or lower.
EU long levels:  1.3785, 1.3765 EU short levels: 1.3850, 1.3862, 1.3900, 1.400, 1.4050

GU: weekly - the candle is a near normal (185pips) bull spinning top closing about 1/3 off the high on low vol<15weeks with weekly volume divergence. The candle close and volume suggests more upside followed by a potential reversal. The Daily candle is a small spread (26pips) bear closing off the low on low vol<600days. The candle close and volume suggests no selling pressure and more upside. Levels of interest: Short-term sWeekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6773 – 1.6811. SM is likely to retest the 1.6823 breakout level or higher to the 1.6840 pivot before reversing downward. 
GU long levels:  1.6800, 1.6740, 1.6720 GU short levels:  1.6835, 1.6860, 1.7000, 1.7030

Posted at 5.17 am EST

DAILY REVIEW 17 Apr 2014

Today's review is about the love of our heavenly father who gave up His only Begotten Son for us. More than two thousand over years ago today, the perfect Man, the Son of God, went to the cross at Calvary for my sins. By this, we see love defined, that Jesus died for us, while we were sinners.... This inescapable truth is so amazing because like everyone else, I know I don't deserve this love, this grace. So I receive it with gladness, humility and joy. Today, Easter is when I recognize, receive and celebrate His love for us all.

To err is human, to forgive is divine but to give Himself for us is love defined.

Happy Easter to all my friends.

DAILY REVIEW 17 Apr 2014
EU: The Daily candle is a small spread (47pips) bull “upthrust” near-doji closing on low vol<3days. The candle and volume suggests more upside. Levels of interest: Demand: short term: 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3805 – 1.3830 currently. Price is now firmly lodged between 2 halves, above the gap at 1.3862 – 1.3905 and a Lower TR below the gap from 1.3862 – 1.3789 SM is likely to fade the weak shorts and induce breakout traders long at yesterday’s high 1.3850  or 1.3862 (Mon high) before reversing back down to test yesterday’s low or lower. A break and move to Friday’s gap close will likely see a test of the 1.3900 key level.
EU long levels:  1.3785, 1.3765 EU short levels: 1.3850, 1.3862, 1.3900, 1.400, 1.4050

GU: The Daily candle is a normal spread (97pips) bull closing off the high on low vol>2days. The candle close suggests and volume suggests more upside. Levels of interest: Short-term supply– 1.6823 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6719 – 1.6733 currently. At time of writing, SM has moved price to the daily supply at 1.6835 level. SM is likely to create selling pressure to fade the weak longs to around 1.6800 key level before reversing back upwards to retest the supply at day high. 
GU long levels:  1.6800, 1.6740, 1.6720 GU short levels:  1.6835, 1.6860, 1.7000, 1.7030

Posted at 1.05 am EST

DAILY REVIEW 16 Apr 2014
EU: The Daily candle is a small spread (43pips) bear spinning top closing on low vol<1day with volume divergence. The candle close and volume suggests buying. Levels of interest: Demand: short term: 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3805 – 1.3830 currently. SM is likely to induce breakout traders long at 1.3832 (Mon Asia low/breakout) or 1.3862 (Mon high) before reversing back down to test the lows or lower. A break and move to Friday’s gap close will likely see a test of the 1.3900 key level.
EU long levels:  1.3785, 1.3765 EU short levels: 1.3900, 1.400, 1.4050

GU: The Daily candle is a normal spread (93pips) bear “reverse upthrust” closing about 70pips off the low on low vol>2days. The candle close suggests and volume suggests buying commencement but may be a bull trap. Levels of interest: Short-term supply– 1.6823 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6719 – 1.6733 currently. Yesterday’s background, SM used the mixed UK news to clear demand all the way to 1.6654 and then took out almost all the weak shorts. SM is likely to create buying pressure to induce longs at 1.6749 (yesterday’s high) before reversing down to push lower for the Reaccumulation phase to commence, possibly to retest the 1.6654 level or lower before reversing upwards. 
GU long levels:  1.6654 1.6627, 1.6600, 1.6585 GU short levels:  1.6749, 1.6799, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 2.33 am EST

DAILY REVIEW 15 Apr 2014
EU: The Daily candle is a small spread (54pips) bear spinning top closing off the low on low vol>1day. The candle close and volume suggests that downside can be expected. Levels of interest: Demand: short term: 1.3800, 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3812 – 1.3820 currently. SM is likely to induce shorts yesterday’s low or lower before reversing to around Friday’s gap inducing more shorts and continuing the fade to around the 1.3900 key level or higher.
EU long levels:  1.3835, 1.3812, 1.3785, 1.3765 EU short levels: 1.3900, 1.400, 1.4050

GU: The Daily candle is a small spread (47pips) bull “near spinning top” closing off the high on low vol<4days. The candle close suggests and volume suggests more downside. Levels of interest: Short-term supply- short term – 1.6823 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6711 – 1.6730 currently. Yesterday I wrote, “SM may is likely to maintain selling pressure to 1.6715 inducing shorts, then reverse to fade them to 1.6750….” (Yesterday’s range was from 1.6695 – 1.6743) As SM has fulfilled the anticipated first phase, SM is likely to create buying pressure to induce longs at Asia high before reversing down to push lower for the Reaccumulation phase to commence, possibly around the 1.6672 level or lower before reversing upwards. 
GU long levels:  1.6697, 1.6673, 1.6627, 1.6600, 1.6585 GU short levels:  1.6799, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 1.22 am EST

DAILY REVIEW 14 Apr 2014
EU: Weekly- the candle is an above average (209pips) bull closing just off the high on low vol<2weeks. The candle close suggests more upside and the volume suggests no demand. The Daily candle is a small spread (42pips) doji closing on low vol<3day with daily volume divergence. The candle close and volume suggests that downside can be expected. Levels of interest: Demand: short term: 1.3822, 1.3800, 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3838 – 1.3870 currently. Prices opened gapped down 42pips after the ECB’s Mario Draghi’s speech at the IMF’s spring meeting and is still in a 20pip range. While Draghi threatened QE in the event of further Euro appreciation, he did not specify at what level that such action would be taken. With this background in mind, any close of the gap to around the 1.3890 level or even a test of Friday’s high will likely see breakout long traders being reigned in. SM is likely to attempt to induce shorts at the 1.3835 level and reverse to fade them by closing at Friday’s gap inducing more shorts and continuing the fade to around the 1.3900 key level or higher before reversing down to around the 1.3812 or lower to the 1.3785 level before beginning the re-accumulation phase to head back north.
EU long levels:  1.3835, 1.3812, 1.3785, 1.3765 EU short levels: 1.3900, 1.400, 1.4050

GU: Weekly- the candle is a above average spread (254pips) bull closing 1/3 off the high on low vol<13weeks with weekly volume divergence. The candle close and volume suggests more downside.  The Daily candle is a below average spread (70pips) bear closing just off the low on low vol<3days. The candle close suggests more downside and volume suggests no selling interest. Levels of interest: Short-term supply- short term – 1.6823 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6710, 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6771 – 1.6819 currently. Prices opened gapped down by about 9pips in tandem with overall European sentiment post-Draghi’s comments but the gap has since closed. SM may is likely to maintain selling pressure to 1.6715 inducing shorts, then reverse to fade them to 1.6750 or even higher to around the 1.6799 level before reversing downward to commence markdown and reload of longs. 
GU long levels:  1.6715, 1.6697, 1.6673, 1.6627, 1.6600, 1.6585 GU short levels:  1.6799, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 2.19 am EST

DAILY REVIEW 11 Apr 2014
EU: The Daily candle is a below-average spread (63pips) bull closing off the high on low vol<1day with daily volume divergence. The candle close suggests more upside and the volume the reduced buying interest. Levels of interest: Demand: short term: 1.3822, 1.3800, 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3838 – 1.3870 currently. Based on the price position and likely order flow, SM is likely to induce more longs at yesterday’s high or higher before reversing to fade the weak longs back down to around the 1.3812 or lower to the 1.3785 level before reversing to head back north.
EU long levels:  1.3812, 1.3785, 1.3765 EU short levels: 1.3875, 1.400, 1.4050

GU: The Daily candle is a below average spread (66pips) bear narrow body spinning top closing on low vol<2day with volume divergence. The candle close and volume divergence suggests more downside. Levels of interest: Short-term supply- short term – 1.6823 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6710, 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6771 – 1.6819 currently. Nothing has changed, SM may reverse from around yesterday’s low (1.6762) and reverse north to retest supply or maintain the selling pressure to around the 1.6722 level before resuming the move northward. 
GU long levels:  1.6762, 1.6722, 1.6697, 1.6673, 1.6640, 1.6600 GU short levels:  1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 1.35 am EST

DAILY REVIEW 10 Apr 2014
EU: The Daily candle is a below-average spread (82pips) bull closing near the high on low vol>2days. The candle close and volume suggests more upside. Levels of interest: Demand: short term: 1.3822, 1.3800, 1.3785 (Fib38.2% confluence) , 1.3767 – 1.3760 (Fib 50% confluence) Supply:  short-term: 1.3966 The Asian range is 1.3838 – 1.3870 currently. The FOMC released a bombshell yesterday essentially telling the markets that the earlier projections were “too optimistic” without providing any material data. Resulting from this, the expected interest rate increase would not be anytime soon. The market reacted by selling USD and resulted in USD being the weakest in the past 5 months. Since the early market momentum pushed prices past the 1.3800 handle all the way to 1.3861 yesterday, SM continued the move up today to 1.3870 to induce more longs before reversing to remove them at time of writing. SM may induce more longs at day high or even induce more at the 1.3875 pivot but is likely to continue the selling pressure taking out weak longs back down to around the 1.3812 or lower to the 1.3785 level before reversing to head back north.
EU long levels:  1.3812, 1.3785, 1.3765 EU short levels: 1.3875, 1.400, 1.4050

GU: The Daily candle is a below average spread (76pips) bull closing near the high on low vol<1day with volume divergence. The candle close suggests more upside but the volume divergence suggests selling. Levels of interest: Short-term supply- short term – 1.6823 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6710, 1.6697, 1.6673 (Fib50% confluence), 1.6640 (Fib61.8% confluence), 1.6600, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6771 – 1.6819 currently. The FOMC move is relatively muted and SM has also induced longs on the breakout from yesterday’s high of 1.6799 to the previous supply level around 1.6820 and have started the fade down but supply at 1.6835 is pretty close so SM may still induce more longs again before reversing all the way. If they induce more longs or get to supply at 1.6835 – 1.6845, SM is likely to reverse and maintain the selling pressure to around the 1.6710 level or lower before resuming the move northward. 
GU long levels:  1.6710, 1.6697, 1.6673, 1.6640, 1.6600 GU short levels:  1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 3.13 am EST

DAILY REVIEW 9 Apr 2014
EU: The Daily candle is a below average spread (74pips) bull closing off the high on low vol>1day. The candle close suggests more upside. Levels of interest: Demand: short term: 1.3720, 1.3692, 1.3672 (Friday’s low), 1.3654 - 1.3642 (confluence Fib 61.8%), 1.3600 – 1.3590 (key level),  1.3573 – 1.3561  Supply:  short-term: 1.3810, 1.3826, 1.3966 The Asian range is 1.3779 – 1.3796. SM marked up to push to the 1.3811 level yesterday as expected. With the FOMC meeting minutes followed by all the speeches due later, SM is likely to induce buying at yesterday’s high before fading the weak longs back down to 1.3730 or lower to Friday’s Asia low (1.3695) before resuming back northward.  
EU long levels:  1.3692, 1.3672, 1.3650 EU short levels: 1.3765, 1.3794, 1.3812, 1.3825, 1.3850, 1.400, 1.4050

GU: The Daily candle is a large spread (151pips) bull closing near the high on low vol>1day. The candle close suggests more upside and the volume suggests a SM markup. Levels of interest: Short-term supply- 1.6752 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6680, 1.664o, 1.6596, 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6758 – 1.6752. SM is likely to fading the weak longs to 1.6680  or lower pre-FOMC before continuing the downward move to around the 1.6623 or lower and reverse back for the northbound move.  
GU long levels:  1.6587, 1.6548, 1.6534, 1.6525, 1.6495 GU short levels:  1.6660, 1.6680, 1.6700, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 6.29 am EST

DAILY REVIEW 8 Apr 2014
EU: The Daily candle is a small spread (52pips) bull closing near the high on low vol<34days. The candle close suggests more upside and volume suggests markup by SM. Levels of interest: Demand: short term: 1.3672 (Friday’s low), 1.3654 - 1.3642 (confluence Fib 61.8%), 1.3600 – 1.3590 (key level),  1.3573 – 1.3561  Supply:  short-term: 1.3720 – 1.3730, 1.3756 – 1.3770, 1.3966 The Asian range is 1.3738 – 1.3747 currently. As expected SM tested Friday’s high (1.3730) to induce breakout traders long. However, with Monday having limited orders, the orders are insufficient at this point and therefore prices are holding and pushing higher. SM is likely to test Thursday’ Asia low (1.3756) or higher then reverse to fade weak longs back down to the Friday’s Asia low (1.3695) level or Friday’s low or lower to around the 1.3650 level before resuming back northward.  
EU long levels:  1.3692, 1.3672, 1.3650 EU short levels: 1.3765, 1.3794, 1.3812, 1.3825, 1.3850, 1.400, 1.4050

GU: The Daily candle is a small spread (58pips) bull closing off the high on low vol<54days. The candle close suggests selling commencement and the volume suggests a SM markup prior to distribution. Levels of interest: Short-term supply- 1.6622 -1 .16640, 1.6660, 1.6680, 1.6700 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6602 – 1.6625 currently. SM is likely to test the 1.6660 before fading the weak longs to reload long orders inventory at a retest of 1.6587 below yesterday’s Asia low or Friday’s low (1.6548) before reversing to continue the northbound move.  
GU long levels:  1.6587, 1.6548, 1.6534, 1.6525, 1.6495 GU short levels:  1.6660, 1.6680, 1.6700, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 2.59 am EST

DAILY REVIEW 7 Apr 2014
EU: Weekly- the candle is a below average spread (148pips) bear closing off the low on vol<1week. The candle close and volume suggests a continued slowing down of the selling. The Daily candle is a small spread (58pips) bear closing ½ off the low on average vol<1day. The candle close and volume suggests commencement of buying. Levels of interest: Demand: short term: 1.3672 (Friday’s low), 1.3654 - 1.3642 (confluence Fib 61.8%), 1.3600 – 1.3590 (key level),  1.3573 – 1.3561  Supply:  short-term: 1.3720 – 1.3730, 1.3756 – 1.3770, 1.3966 The Asian range is 1.3695 – 1.3703 currently. NFP news last Friday was mixed and generally not pro-USD strength. SM used the news to do a 58pips wipeout of longs and shorts and looks like they have started the process of re-accumulation. Prices opened gapped down by about 4pips with the gap already closed. SM is likely to test Friday’s high (1.3730) to induce breakout traders long and then reverse to fade them back down to Friday’s low or lower to around the 1.3650 level before resuming back northward.  
EU long levels:  1.3672, 1.3650 EU short levels: 1.3730, 1.3765, 1.3850, 1.400, 1.4050

GU: Weekly- the candle is a below average spread (134pips) bear long body spinning top closing just off the low on vol<2weeks. The candle close suggests more downside and the volume suggests possible SM markdown. The Daily candle is a small spread (56pips) bear closing about 2/3 off the low on low vol<1day. The candle close and volume suggests that buying has resumed. Levels of interest: Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6548 (Friday low), 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6566 – 1.6581 currently. Following the NFP last Friday, SM cleared the deck with a 57pips sweep and looks like re-accumulation has started. SM is likely to induce longs at Friday’s high (1.6605) before fading them to reload long orders inventory at a retest of Friday’s low (1.6548) or lower to 1.6534 or 1.6525 level before reversing to continue the northbound move.  
GU long levels:  1.6548, 1.6534, 1.6525, 1.6495 GU short levels:  1.6605, 1.6659, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at 2.04 am EST

DAILY REVIEW 4 Apr 2014
EU: The Daily candle is a normal spread (107pips) bear closing just off the low on low vol<1days. The candle close and level suggests more downside and the volume suggests a possible continued markdown. Levels of interest: Demand: short term-  1.3700 - 1.3692 (Daily dbr and confluence Fib 50%), 1.3677 - 1.3660, 1.3654 - 1.3642 (confluence Fib 61.8%), 1.3576 (confluence Fib 78.6%) Supply: short-term- 1.3755, 1.3777, 1.3786, 1.3794, 1.3843, 1.3966 The Asian range is 1.3695 – 1.3723. SM is likely to induce shorts At Asia low or lower level before reversing back upwards.
EU long levels:  3677, 1.3650 EU short levels: 1.3777, 1.3786, 1.3794, 1.3845, 1.400, 1.4050

GU: The Daily candle is a normal spread (91pips) bear tombstone doji closing on low vol>1days. The candle close and level suggests more downside and the volume suggests a possible commencement of buying. Levels of interest: Short-term "supply": 1.6652, 1.6683, 1.6696, 1.6710, 1.6717 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6584,1.6558, 1.6531, 1.6500, 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6577 – 1.6597. SM is likely to induce longs at Asia high or higher before reversing to yesterday's low or around the 1.6651 or 1.6630 levels before reversing back up.  
GU long levels:  1.65701.6558, 1.6530, 1.6500 GU short levels: 1.6610, 1.6663, 1.6673, 1.6683, 1.6710, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at EST 4.47am

DAILY REVIEW 3 Apr 2014
EU: The Daily candle is a below average spread (67pips) bear closing just off the low on low vol>7days with daily volume divergence. The candle close and volume suggests no selling pressure. 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%), 1.3576 (confluence Fib 78.6%) Supply: short-term- 1.3777, 1.3786, 1.3794, 1.3843, 1.3966 The Asian range is 1.3754 – 1.3771. SM is likely to induce longs At Asia high or higher level removing weak shorts before reversing back to commence the re-accumulation around the 1.3700 key level or lower.
EU long levels:  1.3700, 1.3677, 1.3650 EU short levels: 1.3777, 1.3786, 1.3794, 1.3845, 1.400, 1.4050

GU: The Daily candle is a small spread (43pips) bear tombstone doji closing on low vol<7days. The candle close and level suggests more downside and the volume suggests a lack of selling interest and possible markdown. Levels of interest: Short-term "supply": 1.6652, 1.6683, 1.6696, 1.6710, 1.6717 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6584,1.6558, 1.6531, 1.6500, 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6621 – 1.6660. SM is likely to maintain selling pressure until the retest of the day low or lower before reversing back upward once the orders are stacked.  
GU long levels:  1.6595, 1.6584, 1.6558, 1.6531, 1.6500 GU short levels: 1.6683, 1.6710, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at EST 6.13am

DAILY REVIEW 2 Apr 2014
EU: The Daily candle is a small spread (47pips) bull closing 1/2 off the high on low vol>6days with daily volume divergence. The candle close and volume suggests no buying pressure. 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%), 1.3576 (confluence Fib 78.6%) Supply: short-term- 1.3843, 1.3966 The Asian range is 1.3789 – 1.3810 currently. SM is likely to induce longs from breakout at 1.3743 level removing weak shorts before reversing back to commence the re-accumulation around the 1.3700 key level or lower.
EU long levels:  1.3700, 1.3677, 1.3650 EU short levels: 1.3845, 1.400, 1.4050

GU: The Daily candle is a small spread (56pips) bear long body spinning top closing just off the low on low vol<6days. The candle close suggests more downside and the volume suggests a lack of selling interest and possible markdown. Levels of interest: Short-term "supply": 1.6652, 1.6683, 1.6696, 1.6710, 1.6717 Weekly/Daily supply level 1.6835 – 1.6845, 1.6860 – 1.6875, 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6584,1.6558, 1.6531, 1.6500, 1.6533 (confluence Daily Fib50%), 1.6525 – 1.6515, 1.6500 – 1.6490 The Asian range is 1.6620 – 1.6634 currently. SM is likely to induce longs at 1.6652 or 1.6683 level and reverse to around 1.6584 or lower for reaccumulation.  
GU long levels:  1.6584, 1.6558, 1.6531, 1.6500 GU short levels:  1.6652, 1.6683, 1.6710, 1.6823, 1.6835, 1.6860, 1.7000, 1.7030

Posted at EST 2.57am

DAILY REVIEW 1 Apr 2014
EU: The Daily candle is a small spread (85pips) bull narrow-bodied spinning top closing on high vol>1day. 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 1.3766 – 1.3797. Yesterday's dovish speech by Yellen ensured that prices were kept above the 1.3700 handle. SM is likely to induce longs from yesterday's high or even to the 1.3740 level removing weak shorts before reversing back to commence the re-accumulation 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: The Daily candle is a below average spread (72pips) bull near-dragonfly-like doji closing on high vol>1day. The candle close and volume suggests more downside. Levels of interest: Short-term "supply": 1.6683, 1.6696, 1.6710, 1.6717 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 1.6656 – 1.6674. SM is likely to induce longs at yesterday's high or higher before and reverse to either the 1.6610 for 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 4.28am