Bullish: We are currently @ 1.2407 just out of a falling wedge in a range. We have convergence for the upside move. If we can break this resistance here, we are looking for a continuation to the ATR Target @ 1.2455 with the further target for today the 0.386 Fibo @1.2478. Watch the USDX for direction. The average daily true range (ATR) for the pair is 85 pips per day and it’s 90 day average is 95 pips per day. USDX is currently moving down.

Bullish: We are currently @ 182.89 in a falling wedge in a range. We have divergence for the upside move. If we get the bounce and breakout, we are looking for a continuation to the ATR Target @ 184.12. (Lots ...

Note: core CPI was positive this AM!

Bullish: We are currently @ 1.9475 in a channel. We have convergence for the upside move. We are looking for a continuation to the ATR Target @ 11.9580 with the further target for ...

Bullish: We are currently @ 181.50 in a range. We have a gap that has not been filled ( only filled 78% of the time). We are looking for a continuation to the ATR Target @ 184.35 with the further ...

Bearish: We are currently @ 156.96 in a channel in a range. WE have a gap that has not been filled ( only filled 78% of the time). IF we can break support here , we are looking for a ...

Note: ISM Service PMI is this AM!

Bearish: We are currently @ 184.85 after a corrective move. IF we can break support here , we are looking for a continuation to the ATR Target @ 184.17 with the further target ...

Bearish: We are currently @ 158.07 after a corrective move. IF we can break support here , we are looking for a continuation to the ATR Target @ 157.30 with the further target @156.74. Watch the USDX for direction. The ...

Note: ADP was negative!

Bearish: We are currently @ 2.1217 after a nice pullback. IF we can break support here , we are looking for a continuation to the ATR Target @ 2.1133 with the further target the 2.1100. Watch ...

Note: Consumer Confidence and Jolts this AM!

Bullish: We are currently @ 1.9621 after a hard bounce. IF we can get the breakout of the slope resistance here , we are looking for a continuation to the ATR Target @ ...

Note: ADP and NFP this Week!

Bearish: We are currently @ 1.6824 in a 3rd wave in a channel. IF we can get the breakout of the slope support here , we are looking for a continuation to the ATR ...

Note: Unemployment claims was positive

Bearish: We are currently @ 184.44 in a channel. IF we can get the breakout of the slope support here , we are looking for a continuation to the ATR Target @ 183.37 with the ...

Bearish: We are currently @ 1.2746 in a range. The breakout of the slope support here is significant. We are looking for a continuation to the 1.618 Fibo @ 1.2703 with the further target the 1.000 Fibo/ATR target @ 1.2665. ...