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