Bullish: We are currently @ 1.2583 breaking slope resistance in a range. We are looking for a continuation to the ATR target @ 1.2631 with the further target the 2.618 Fibo @ 1.2671 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips per day and it’s 90 day average is 91 pips per day. USDX is Down.

Bearish: We are currently @ 147.06 breaking a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 146.18 with the further target the 0.618 Fibo @ 146.07-0 area. ...

Note: ISM and Jolts today

Bearish: We are currently @ 1.2631 in a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 1.2541 with the further target the ...

Bearish: We are currently @ 1.2664 in a new channel after putting in a double top. We are looking for a 3rd wave continuation to the ATR target @ 1.2620 with the further target for today the S3 @ 1.2592. ...

Bearish: We are currently @ 98.18 in a triangle after putting in a double top. We are looking for a continuation to the ATR target @ 97.60 with the further target for today the 1.618 Fibo @ 97.35 area. Watch ...

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 ...

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 ...