Bullish: We are currently @ 0.6687 after the pullback in a range and a channel. We are looking for continuation to the ATR target @ 0.6750 area with a further target at the 1.618 Fibo @ 0.6780. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips and it’s 180 day average is 95 pips per day. USDX is currently moving down.

Bullish: We are currently @ 1.2091 after the pullback in a range and a channel. IF we can break resistance here, we are looking for continuation to the 1.000 Fibo/ATR target @ 1.2224 area. We have convergence in play for ...

Bearish: We are currently @ 1.5952 after making the turn in a range and a new channel. IF we can break support here, we are looking for continuation to the 1.000 Fibo @ 1.5922 area and then the ATR/1.618 Fibo ...

Note: ADP was positive

Bearish: We are currently @ 144.56 after making the turn in a range and a channel. IF we can break support here, we are looking for continuation to the ATR target @ 143.66 area and then ...

Note: Powell speaks today

Bearish: We are currently @ 1.1991 after making the turn in a range. With this breakout, we are looking for continuation to the ATR target @ 1.1907 area and then the 0.1000 Fibo @ 1.1847. We ...

Bullish: We are currently @ 144.70 after making the turn in a range. We are looking for continuation to the ATR target @ 145.50 area and then the 0.1000 Fibo @ 145.80. This is a significant top so cover your ...

Note: ISM Manufacturing PMI today

Bearish: We are currently @ 163.35 after making the turn in a range. We are looking for continuation to the 1.000 Fibo/ATR target @ 162.00 area and then the 0.500 Fibo @ 161.37. We have ...

Note: Consumer Confidence today

Bullish: We are currently @ 1.2117 in a channel in a range. IF we break this resistance, we are looking for continuation to the 1.000 Fibo @ 1.2174 area and then the ATR target @ 1.2186. ...

Bullish: We are currently @ 163.41 in a channel in a range. IF we break this minor resistance, we are looking for continuation to the 1.000 Fibo @ 1164.07 area and then the ATR target @ 1164.80. We have convergence ...

Note: Flash Services PMI today

Bearish: We are currently @ 0.924 in a triangle in a range. IF we get the breakdown, we are looking for continuation to the S3 @ 0.9188 area and then the ATR target @0.9153. We ...

Note: Retail Sales very positive

Bullish: We are currently @ 4.06 in a channel. We are looking for continuation to the ATR target @ 134.78 area and then the weekly ATR target @135.55. We have convergence in play for the ...

Note: CPI positive

Bullish: We are currently @ 161.52 in a channel. We are looking for continuation to the ATR targets @ 162.54 area and then the weekly ATR/1.000 Fibo target @162.98. We have convergence in play for the up ...