Article Summary:
Crude levels out at the massive .00 Handle, while Gold pulls back off of 1.65
Article Content:
We close The NYSE in Positive Territory with The Dow and The S&P… as The Nikkei Futures look Well-Bid to open and continue on with the Global Equity Momentum.
Crude levels out at the massive .00 Handle, while Gold pulls back off of 1.65 Dynamic Resistance.
The Euro looks to take our earlier Flag Opportunity and finally Clip the 1.4000 Handle to form that “Transitive Rollover” area we were attempting to reach earlier in The Day.
We can now use a L.R. Channel as we work the Counter-Trend here on the Hourly Time -Cycle.
Price Appreciation will continue with Bullish Sentiment on the whole, as long as The Equities Correlation remains Intact.
The Next Focus is on the 1.4040’s Resistance, followed by 1.4072 where if Met and Held… an Hourly Double-Top will be In Place if Price is not breached through to the 1.4100 Handle.
Here is The Hourly Capture so give it a Click for Levels, as always.
Post-Time is 23:40 GMT.
Please join me again for more Updates as we move along, and check in on how The Currency Units are progressing in The Asian-Pacific Sectors!
UPDATE @ 1:30 GMT!
The Euro begins to retrace a bit , but still holds the integrity of The Channel. The 1.3940’s would be the next Area of Focus of Price Behavior continues.
We will check in with another Blog Update after The “Currency Majors Technical Perspective” Report at 6:30 GMT.
The two Major additions to The “Fundamental Forex Foundations” Section are now published… just in time for CPI and PPI in the U.S!… as well as the U.K., since many of these same Principles will apply to other Producer and Consumers in other Economies
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