Bearish: We are currently @ 187.91 in the top of the range with a 1-2 wave in place. We are looking for a 3rd wave continuation to the ATR target @ 187.05 with the further target for today the 1.618 Fibo @ 186.70 area. We have convergence in play. Watch the USDX for direction. The average daily true range (ATR) for the pair is 139 pips per day and it’s 90 day average is 146 pips per day. USDX is currently moving down but near a bounce point.

Note: FOMC meeting minutes today

Bullish: We are currently @ 1.9071 in a channel. We are looking for a continuation to the ATR target @ 1.8922 with the further target for today the day chart bottom @ 1.8859 area. We ...

Bullish: We are currently @ 1.2470 in a channel. We are looking for a continuation to the ATR target @ 1.2500 with the further target for today the day chart top @ 1.2587 area. We have divergence in play so ...

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 ...

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 ...