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