Hello All for another Update!
We move through the European Session now, and our thoughts on the German ZEW come to fruition with a significantly better-than-expected reading of Institutional Investor Sentiment at -3.5… from a Consensus of -7.8 and a previous reading of -5.8.
The Euro remains Well-Bid in Behavior, and breaches 1.30 Resistance with ease… although a correction is in focus here.
We add a Daily Fib Variant back in to the IntraDay Hourly view, and find some Confluence Areas.
We now find a highly probable “Transitive Rollover” coming into view with the 1.2950 Area rolling from Resistance to Support.
As is deeply common with the “Three C’s”… Continuation, Consolidation, and Co-integration… we are storing and building Energy here for a potential Break…now that we have an IntraDay Symmetrical Triangle in view.
No Commentary once again on the Capture, as there is plenty of Information already in View.
( Once again… these Captures for the Blog are indicative of my “thought processes” as we “build” our Analysis and move forward… hence they can get a little “busy” with Trend lines, S & R, and Fibonacci Ratios, etc…. as I leave them on the Charts for you to see… ;-)
Give the Capture a Click, and Post-Time is 12:00 GMT.
As always… I will be back with another Update, as we need a check of other Units, as well as Gold and Oil!
A Blog of Commentary and Ideas from an FXstreet Premium Member by 

