Bearish: We are currently @ 163.88 in a range with a rising wedge breakout. We are looking for a continuation to the ATR target @ 163.15 with the further target for today the 0.618 Fibo @ 162.82 area. We have divergence in play. Watch the USDX for direction. The average daily true range (ATR) for the pair is 110 pips per day and it’s 90 day average is 121 pips per day. USDX is currently threatening a corrective move up.

Bearish: We are currently @ 187.50 in a range with a double top now in place. We are looking for a continuation to the ATR target @ 186.83 with the further target for today the 0.500 Fibo @ 186.48 area. ...

Bearish: We are currently @ 161.94 in a range and just out of a rising wedge which is bearish. We are looking for a continuation to the ATR target @ 161.30 with the further target for today the 160.86 area. ...

Note: Unemployment claims was neutral

Bearish: We are currently @ 1.6706 in a range. We have completed 5 waves up and a break of the slope resistance and we are looking for a continuation to the 0.618 Fibo @ 1.6648 ...

Bullish: We are currently @ 185.07 in a range. We have completed 4 waves and a break of the slope resistance and we are looking for a continuation to the 0.382 Fibo @ 185.81 with the further target for today ...

Bullish: We are currently @ 149.81 in a channel in a range. We are looking for a continuation to the ATR Target @ 150.38 with the further target for today the 0.786 Fibo @ 150.81 Watch the USDX for direction. ...

Note: FOMC today

Bullish: We are currently @ 96.20 in a channel in a range. We have convergence for the continuation up. We are looking for a continuation to the 1.000 Fibo @ 96.70 with the further target for today ...

Note: Consumer confidence today

Bullish: We are currently @ 1.9152 in a range and after the slope resistance break. We have the start of convergence for the continuation up. We are looking for a continuation to the ATR target@ 1.9234 ...

Bullish: We are currently @ 1.2110 in a range and a hard bounce. We have the start of convergence for the continuation up. We are looking for a continuation to the ATR target@ 1.2176 with the further target for today ...

Bearish: We are currently @ 158.51 in a new channel in a range. We have convergence for the continuation. We are looking for a continuation to the ATR target@ 157.79 with the further target for today the S4 support @ ...

Bearish: We are currently @ 2.0876 out of the rising wedge and starting the downward move. We have convergence for the continuation. We are looking for a continuation to the ATR target@ 2.0822 with the further target for today the ...

Bullish: We are currently @ 159.08 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@ 159.77 with the further target for today the range ...