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 in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 161 pips and it’s 180 day average is 174 pips per day. USDX is currently threatening down but is most likely a corrective move.

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 ...

Note: CPI and PPI this week

Bearish to Bearish: We are currently @ 0.6940 in a range and a corrective channel. We are looking for continuation to the flag target (abc) @ 0.7045 area and then the selloff. We have ...

Bearish: We are currently @ 1.7401in a range and a channel. We are looking for continuation to the ATR target @ 1.7277 area with a further target the Day chart target @ 1.7218. We have convergence in play for continuation. ...

Bullish: We are currently @ 1.7370 in a range and headed north after a hard bounce. We are looking for continuation to the ATR target @ 1.7476 area with a further target the 0.786 Fibo @ 1.7492. We have convergence ...

Bearish: We are currently @ 1.1962 in a range and out of the flag pattern We are looking for continuation to the ATR target @ 1900 area with a further target the Flag target @ 1.1836. We have convergence in ...

Bullish: We are currently @ 91.34 in a range and a Triangle. If we can break the triangle, we are looking for continuation to the ATR target @ 92.40 area with a further target the 1.618 Fibo @ 92.49 We ...

Bearish: We are currently @ 128.21 in a range and a breakout of the Triangle. We are looking for continuation to the 1.000 Fibo @ 127.44 area with a further target the ATR @ 1127.25. We have convergence in play ...

Note: Advance CB Consumer Confidence shortly

Bearish: We are currently @ 1.1379in a range and a breakout of the up move. We are looking for continuation to the 0.500 Fibo @ 1.1314 area with a further target the ATR @ ...

Bullish: We are currently @ 92.07 in a range and the start of a new channel short. We are looking for continuation to the S2 @ 91.28 area with a further target the ATR @ 90.87. Watch the USDX for ...