GU is forming a monthly triangle.
I would go at weekly short with SL @ 1.65 and would focus the weekly valleys for longs around 1.5870, 1.5500, 1.5370 by trading the daily charts.
Daily seems indifferent currently.
Weekly range 1.59/1.60 - 1.6240 since 2012.09.16. Maybe I will earn my money in this price range.
1.6126 might also be a market price for going more down (not the best entry) when you take a look at the weekly's CCI(14) divergence.
Next station to travel south at @ 1.6280, @ 1.6330.
FXcube
I would go at weekly short with SL @ 1.65 and would focus the weekly valleys for longs around 1.5870, 1.5500, 1.5370 by trading the daily charts.
Daily seems indifferent currently.
Weekly range 1.59/1.60 - 1.6240 since 2012.09.16. Maybe I will earn my money in this price range.
1.6126 might also be a market price for going more down (not the best entry) when you take a look at the weekly's CCI(14) divergence.
Next station to travel south at @ 1.6280, @ 1.6330.
FXcube