Note: CB Consumer Confidence is the AM!

Bearish: We are currently @ 1.8993 in a channel. We have convergence for the downside move. We are looking for a continuation to the ATR Target @ 1.8900 with the further target for today the 1.000 Fibo @1.8863. Watch the USDX for direction. The average daily true range (ATR) for the pair is 122 pips per day and it’s 90 day average is 131 pips per day. USDX is currently moving sideways.

Bearish: We are currently @ 1.221 in a trend and a 5th wave. We have convergence for the downside move. We are looking for a continuation to the ATR Target @ 1.2162 with the further target for today the 1.618 ...

Note: FOMC was considered positive!

Bullish: We are currently @ 1.9173 in the start of a channel and a possible 3rd wave. We have convergence for the upside move. We are looking for a bounce here and a continuation to ...

Bearish: We are currently @ 1.7941 in a well-built channel. We have convergence for the downside move. If we can break this support here, we are looking for a continuation to the ATR Target @ 1.7875 with the further target ...

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 @ ...

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 ...