Bullish: We are currently @ 2.0811in a channel. We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target 2.0888 with the further target for today the R6/1.618 Fibo @ 2.0907. Watch the USDX for direction. The average daily true range (ATR) for the pair is 148 pips per day and it’s 90 day average is 159 pips per day. USDX is currently moving down.

Bullish: We are currently @ 1.7945 in a channel in a range. We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target @ 1.8009 with the further target for today the ...

Bearish: We are currently @ 2.0551 in a channel in a range. We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target @ 2.0456 with the further target for today the ...

Note: Core CPI and CPI were positive!

Bullish: We are currently @ 1.9230 in a channel in a range. We have convergence for the continuation of the 5th wave. We are looking for a continuation to the 1.618 Fibo @ ...

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 ...

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 ...