Bearish: Forex Strategies: Currently we are at 2.1240 in a new channel. We are looking for a continuation to the ATR target @ 2.1150 area with a further target the 0,382 Fibo @ 2.1122. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 124 pips per day and it’s 90 day average is 124 pips per day. My Forex Analysis says USDX is currently down.

Note: ISM Services today

Bearish: Forex Strategies: Currently we are at 169.28 in a channel. We are looking for a continuation to the ATR target @ 168.23 area with a further target the 1.618 Fibo @ 167.88. Watch the USDX ...

Note: Jolts today

Bearish: Forex Strategies: Currently we are at 190.30 in a range. We are looking for a continuation to the ATR target @ 188.79 area. We anticipate a bullish reaction there due to the range bottom. Watch the ...

BULLISH: Forex Strategies: Currently we are at 145.31 in a channel in a range. We are looking for a continuation to the R4/ATR target @ 146.00 area. We anticipate a bearish reaction there. Watch the USDX for direction, as it ...

BULLISH TO bearish: Forex Strategies: Currently we are at 144.73 IN A RANGE. We are in a channel and are looking for a continuation to the 1.00 Fibo @ 145.42 and then the ATR Target @ 146.00 area. We anticipate ...

Note: Consumer Confidence today

Bearish: Forex Strategies: Currently we are at 161.07 after the slope support breakout. We are in a channel and are looking for a continuation to the ATR target @ 160.31. Watch the USDX for direction, as ...

Bearish: Forex Strategies: Currently we are at 89.42 after the breakout. We have convergence now for the down move and are looking for a continuation to the ATR target @ 80.67. Watch the USDX for direction, as it could negate ...

Bullish: Forex Strategies: Currently we are at 146.14 after the breakout. We have convergence now for the up move and are looking for a continuation to the ATR target @ 147.28. Watch the USDX for direction, as it could negate ...

Note: FOMC Minutes today

Bearish: Forex Strategies: Currently we are at 162.21 waiting for the slope support breakout. We are looking for a continuation to the ATR target @ 160.32 and then the S5 @ 160.00. Watch the USDX for ...

Bullish: Forex Strategies: Currently we are at 146.39 in a channel. We looking for a continuation to the ATR target @ 144.71 and then the Day chart bottom @ 142.18. Watch the USDX for direction, as it could negate all ...

Note: Retail Sales and Unemployment claims today

Bullish: Forex Strategies: Currently we are at 190.46 in a channel. We broke resistance in the fundie and are looking for a continuation up to the ATR target @ 192.15 and then the ...

Note: Core PPI and PPI today

Bullish: Forex Strategies: Currently we are at 1.6645 in the start of a possible cup and handle. We are looking for a continuation up to the ATR target @ 1.6750 and then the 0.500 ...