A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Happy Tuesday !
We have a slight hint of Risk Appetite returning to the Market “climate” overall…but is it “real”?…or simply a wash of New Year beginnings, fresh starts, and resolutions?…
The EuroZone is in no position to deeply enjoy the appreciative Value of it’s Currency the last several Sessions.
Fundamentally, we already have “whispers” of Rate Cuts not being an issue if Inflation continues to falter.
Appreciation in the Yen Crosses, as well as a generally “consolidative” Inside Day yesterday in the Dow may lean towards “warm and fuzzy” feelings of a fresh start to the New Year…but we will have to see after this week concludes.
We still have Institutional Volume and activity coming back to the global financial world, and with NFP on Friday…this week is a bit “skewed” in my personal view.
So…let’s check back with the Euro and see how we’ve progressed in the last 24 hours or so…
(Post-writing time tonight is 3:15 GMT).
(click once for captures)
We certainly have our “Basing” at 1.3220 in sight…despite the slight Pennant formation on our Hourly view…..take a look.
This is a “classic” Bear Flag pattern here…and even more so when we have a “Pennant”, as we have here.
The Pennant itself is also “behaving” as sort of an “Ascending Flat Top Triangle” right on the 50% Fib…so its’ probability of holding is rather concrete.
If we do breach the area significantly, then our next logical stop on the Ski Lift would be around the 1.3750 area.
Of course…nothing is certain and all of you know that Prediction is not my preferred behavior of choice! 
Remember…as in all areas of your Trading…and your Life for that matter…
What matters most?
What If ?….or What Is.