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