Bullish: We are currently @ 1.3025 in a range with multiple attempts to break the bottom. We have a falling wedge which is bullish so we are looking for an initial move to the ATR target @ 1.3112 area and then the 0.382 Fibo @ 1.3169. Watch the USDX for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 83 pips per day. USDX is currently threatening down at the time of this post.

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Bearish: We are currently @ 1.2163 in a channel after making the turn. We are looking for an initial move to the Day chart support @ 1.2119 area and then the ATR Target @ 1.2064. Watch the USDX for any ...

Bullish: We are currently @ 1.5826 in a channel. We are looking for an initial move to the ATR target @ 1.5902 area and then the 0.214 Fibo @ 1.5975. Watch the USDX for any change in direction. The ATR ...

Bullish: We are currently @ 135.34 in a channel after the trend breakout. We are looking for an initial move to the ATR target @ 136.30 area and then the 0.214 Fibo @ 136.84. Watch the USDX for any change ...

Bullish: We are currently @ 122.99 in a channel after consolidation. We are looking for an initial move to the ATR target @ 124.15 area and then the R7 @ 124.52. Watch the USDX for any change in direction. The ...

Bearish: We are currently @ 1.3114 in a channel after an a-b-c correction. We are looking for an initial move to the ATR target @ 1.3003 area and then the S5 @ 1.2923. Watch the USDX for any change in ...

Bearish: We are currently @ 0.8457 after topping out and then breaking out. We are looking for an initial move to the ATR target @ 0.8406 area and then the 0.500 Fibo @ 0.8381. Watch the USDX for any change ...

Bearish: We are currently @ 161.48 in a channel and possibly a trend. We are looking for an initial move to the ATR target @ 160.32 area and then the support @ 159.87. Watch the USDX for any change in ...

Bearish: We are currently @ 0.7519 in a rising wedge at the top of a day chart trend. We are looking for an initial move to the ATR target @ 0.7435 area and then the 0.382 Fibo @ 0.7391. Watch ...

Bearish: We are currently @ 1.2287 in a range and a flag pattern that is bearish. We are looking for an initial move to the ATR target @ 1.2190 area and then the 1.2150. Watch the USDX for any change ...

Bearish: We are currently @ 0.6952 in a channel but with 5 waves completed. We are looking for an initial move to the ATR target @ 0.6891 area and then the 0.382 Fibo @ 0.6880. Watch the USDX for any ...

Bearish: We are currently @ 0.9323 in a channel. We are looking for an initial move to the ATR target @ 0.9273 area and then the 0.382 Fibo @ 0.9254. Watch the USDX for any change in direction. The ATR ...