DAILY REVIEW 23 June 2014
EU: Weekly- the candle is a below average spread (130pips) bull large body spinning top closing on low vol<7weeks. The candle close and volume suggests a lack of buying interest. The Daily candle is a below average spread (69pips) bear small body spinning top closing on low vol<18days. The candle close and volume suggests more downside. Levels of interest (unchanged): Demand: short-term 1.3512, 1.3500, 1.3475, Daily/Weekly: 1.3330, 1.3300, 1.3294 Supply: short-term: 1.3635, 1.3676, 1.3687, 1.3730 Weekly/Daily: 1.4184, 1.4246 pivot. Note that price is still an intra-week candle from 3 weeks ago. SM is likely to maintain selling pressure to test Last Friday's low 1.3563 or lower at 1.3535 before reversing back up.

EU long levels: 1.3563, 1.3535, 1.3500, 1.3476, 1.3399, 1.3294  EU short levels: 1.3635, 1.3676, 1.3687, 1.3730, 1.3750

GU: Weekly- the candle is a below average spread (144pips) bull spinning top closing on low vol>3weeks. The candle close and volume suggests more upside. The Daily candle is a below average spread (57pips) bear closing off the low on low vol<8days. The candle close and volume suggests more downside before reversing Levels of interest: Weekly/Daily supply level: 1.7063, 1.800 Demand:  short-term- 1.6972, 1.6920, 1.6850, 1.6835  SM is likely to continue selling pressure to remove weak longs to around the 1.6972 level or lower before reversing back northward.

GU long levels: 1.6972, 1.6920, 1.6850, 1.6835, 1.6825, 1.6810 GU short levels: 1.7063, 1.8000

Posted at 06.13 am EST