Bullish: We are currently @ 1.8705 in a channel that is shallow ( corrective). We are looking for a continuation to the 1.618 Fibo @ 1.8793 with a further target the ATR target @ 1.8885 area. There is significant resistance at 1.8000. Watch the USDX for direction. The average daily true range (ATR) for the pair is 156 pips per day and it’s 180 day average is 152 pips per day. USDX is currently moving down but looks corrective.

Bearish: We are currently @ 133.89 in a channel and in the start of a 5th wave. We are looking for a continuation to the 1.000 Fibo @ 133.26 with a further target the ATR target @ 132.83 area. There ...

Note: CPI was negative

Bearish: We are currently @ 1.8640 in a big channel and in the start of a 5th wave. We are looking for a continuation to the 1.000 Fibo @ 1.8525 with a further target the ATR ...

Bearish: We are currently @ 148.17 in a big channel and in the start of a 3rd wave. We are looking for a continuation to the ATR Target @ 147.13 with a further target the 1.000 Fibo @ 146.43 area. ...

Bearish: We are currently @ 1.1245 in a range and it appears we have put in the top. We are looking for a continuation to the 1.000 Fibo @ 1.1191 with a further target the ATR @ 1.1173 area. Watch ...

Bullish: We are currently @ 0.6674 in a channel. We are looking for a continuation to the ATR Target @ 0.6712 with a further target the 1.000 Fibo @ 0.6750 area. Watch the USDX for direction. The average daily true ...

Note: ADP this AM- FOMC this PM

Bearish: We are currently @ 169.41 in a channel. We are looking for a continuation to the 1.000 Fibo @ 168.80 with a further target the S5/ATR target @ 1168.59 area. Watch the ...

Note: JOLTS this AM

Bearish: We are currently @ 1.1198 in a range and looking for a breakout of slope support. We are in the start of a channel, and we are looking for a continuation to the 1.000 Fibo ...

Note: Advance GDP this AM

Bearish: We are currently @ 1.2440 in a range and a breakout of slope support. IF we can break this support, we are looking for a continuation to the ATR target @ 1.2384 with a ...

Note: CB Consumer confidence this AM

Bearish: We are currently @ 124.01 in a range and a breakout of slope support. IF we can break this range bottom, we are looking for a continuation to the ATR target @ 133.07 ...

Bearish: We are currently @ 89.91 in a range and a channel. IF we can break this resistance, we are looking for a continuation to the ATR target @ 90.57 with a further target the 0.214 Fibo @ 90.93 area. ...

Note: Unemployment claims was negative

Bearish: We are currently @ 1.2442 in a range and a triangle. IF we can break this support, we are looking for a continuation to the ATR target @ 1.2348 with a further target the ...