A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings !
Well…it appears our Northern friend, the Swiss Franc, heads home from vacation as it takes a steep dive in Price Depreciation.
“Personally, CVJ…We think the Euro planned the whole thing…It’s Sabotage!” …the CVJ Guys shout !
Seriously…with Gold remaining rather stout and heavily-injected with “Fear-Based Safe-Haven” Momentum… the Swissy may have some of that Momentum as well… as the Dollar fell about 200+ pips yesterday.
It is a Conundrum, though, isn’t it … rather “Counter-Intuitive”…
A bit Risk Appetite did return the to Markets yesterday to support the Majors…citing strong global Equities, and better-than-expected and “positive” Existing Home Sales numbers as the “Catalyst”.
“Sure…whatever they say, CVJ”, the Guys say.
I agree… and simply choose to define them as Technical movements in Price.
Here is Gold on the Hourly View.
Commentary/Analysis on the Captures so give them a click as always…
(Post-Time is 3:15 GMT)
Swissy is presenting us with some significant Downside direction, and here is the Daily Chart.
On the Hourly, we have some Fibonacci “Clusters” that are confluences of Price into “Magnet” areas that we see so often.
The Hourly Trendline Break is giving us a “Barrier” to work with here on either side…a “Marker”, if you will.
We will check in with these two Units as we progress with U.S. Data Points due today…as we want to observe how the Dollar reacts with these Correlations here…
