DAILY REVIEW 25 July 2014
Reviews on 23 and 24 July were saved but remained unpublished as I was busy and overlooked. Anyway here is today's:
EU: The Daily candle is a small spread (46pips) doji closing on average vol>1day. The candle close and volume suggests more downside but also the possible commencement of buying. Levels of interest: Demand: short-term 1.3417, 1.3408, 1.3399, Daily/Weekly: 1.3330, 1.3300, 1.3294 Supply: short-term: 1.3573, 1.3600, 1.3730, 1.3800, 1.3900 Weekly/Daily: 1.4184, 1.4246 pivot. SM is likely to induce shorts by pushing towards the 1.3400 key level before reversing to test the 1.3475 pivot.

EU long levels: 1.3417, 1.3399, 1.3294  EU short levels: 1.3573, 1.3600, 1.3646, 1.3670, 1.3730, 1.3800, 1.3900

GU: The Daily candle is a normal spread (87pips) bear closing off the low on average vol<1day. The candle close and volume suggests more downside. Levels of interest: Supply short-term- 1.7042, 1.7120, 1.7145 Weekly/Daily supply level: 1.7178 (current pivot high), 1.7365, 1.7910, 1.800 Demand:  short-term-  1.6952, 1.6920, 1.6850, 1.6835 SM will likely maintain selling pressure to test the 1.6952 pivot or lower before reversing.  

GU long levels: 1.6952, 1.6930, 1.6920, 1.6850, 1.6835, 1.6825, 1.6810 GU short levels: 1.7042, 1.7120, 1.7145, 1.7170, 1.7192, 1.7365, 1.7910, 1.8000

Posted at 05.53 am EST