Note: FOMC Minutes today!

Bullish: We are currently @ 1.9163 in a channel in a range. We have convergence for the continuation move. We are looking for a continuation to the 1.00 Fibo @ 1.9201 with the further target for today the ATR Target @1.9260. Watch the USDX for direction. The average daily true range (ATR) for the pair is 142 pips per day and it’s 90 day average is 145 pips per day. USDX is currently moving UP

Bearish: We are currently @ 1.2074 in a Trend. We have convergence for the continuation move. We are looking for a continuation to the ATR Target @ 1.2007 with the further target for today the 1.000 Fibo @1.1961. Watch the ...

Bullish: We are currently @ 2.0374 in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target @ 2.0488 with the further target for today the 0.786 Fibo @2.0519. Watch the ...

Bullish: We are currently @ 1.7724 in a falling wedge in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target @ 1.7783 with the further target for today the 1.618 ...

Bearish: We are currently @ 157.27 in a channel in a range. We have convergence for the downside move. A break of this support and we are looking for a continuation to the ATR Target @ 156.66 with the further ...

Note: CB Consumer Confidence is the AM!

Bearish: We are currently @ 1.8993 in a channel. We have convergence for the downside move. We are looking for a continuation to the ATR Target @ 1.8900 with the further target for ...

Bearish: We are currently @ 1.221 in a trend and a 5th wave. We have convergence for the downside move. We are looking for a continuation to the ATR Target @ 1.2162 with the further target for today the 1.618 ...

Note: FOMC was considered positive!

Bullish: We are currently @ 1.9173 in the start of a channel and a possible 3rd wave. We have convergence for the upside move. We are looking for a bounce here and a continuation to ...

Bearish: We are currently @ 1.7941 in a well-built channel. We have convergence for the downside move. If we can break this support here, we are looking for a continuation to the ATR Target @ 1.7875 with the further target ...

Bullish: We are currently @ 1.2407 just out of a falling wedge in a range. We have convergence for the upside move. If we can break this resistance here, we are looking for a continuation to the ATR Target @ ...

Bullish: We are currently @ 182.89 in a falling wedge in a range. We have divergence for the upside move. If we get the bounce and breakout, we are looking for a continuation to the ATR Target @ 184.12. (Lots ...

Note: core CPI was positive this AM!

Bullish: We are currently @ 1.9475 in a channel. We have convergence for the upside move. We are looking for a continuation to the ATR Target @ 11.9580 with the further target for ...