DAILY REVIEW 10 June 2014
EU: The Daily candle is a normal spread (86pips) bear closing near the low on low vol<9days. The candle close and volume suggests more downside. Levels of interest: Demand: short-term 1.3585, 1.3562, 1.3535, 1.3500, 1.3475, Daily/Weekly: 1.3330, 1.3300, 1.3294 Supply: short-term: 1.3676, 1.3687, 1.3730 Weekly/Daily: 1.4184, 1.4246 pivot. SM is likely test Asia low (1.3584) or lower (maybe even 1.3565, 1.3535) before reversing back to the 1.3676 pivot.

EU long levels: 1.3584, 1.3572 - 1.3561 (Fib 61.8% confluence), 1.3535, 1.3476, 1.3399, 1.3294  EU short levels: 1.3676, 1.3687, 1.3730, 1.3750

GU: The Daily candle is a small spread (48pips) bear "near doji" closing low vol<9days. The candle close and volume suggests more upside. Levels of interest: Supply: 1.6918, 1.6995 Weekly/Daily supply level: 1.6991 – 1.7015, 1.7025 – 1.7045 Demand:  short-term- 1.6760, 1.6720 (confluence Fib78.6%), 1.6690 (confluence Fib88.6%), 1.6670, 1.6654 SM is likely to test Friday's NFP low (1.6779) or lower (1.6750) before reversing northward.
GU long levels: 1.6775, 1.6760, 1.6750, 1.6730, 1.6700, 1.6692, 1.6670, 1.6654 GU short levels: 1.6875, 1.6905, 1.6918, 1.6995, 1.7030, 1.7042

Posted at 03.48 am EST