H4 Chart
R3 1.6477
R2 1.6434
R1 1.6407
Pivot 1.6364
S1 1.6321
S2 1.6294
S3 1.6251
USD is covered by a lots negative news and weaken USD. However, EUR also not doing well because of the debt. I am using the same chart as yesterday, except with updated GU price, GU is moving sideway along pivot level but it reach the support trendline a few times but cou;dn't break it. We also can see strong support of GU when the candlestick have strong pull back (long shadow ) everytime after it touch the support line. Will GU break the downtrend successfully? only time will determine. since current GU price is close to the trendline, entry point might appear anytime.
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