A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings and Happy Wednesday, Everyone!
With Corrective Behavior across the Markets as we continue to “digest” the Geithner Plan and other “Rhetoric” that seems to be coming our way incessantly… perhaps we can drill down for some Technical Details with the EUR/USD and the NZD/USD for some clarity with our latest round of Risk Appetite.
Our “Four Travelers”, the Yen Crosses, hold significant Corrections on an IntraDay basis and have simply followed their “Cousins”, the Major Dollar Pairs.
Interestingly enough, the Majors have tended to hold “deeper” Pullbacks than their “Yen Cousins” in this environment.
Let’s take a look at the Hourly Views of these two… so give the Captures a Click and Post-Time is 3:15 GMT.
It will be interesting to see if we simply continue with Depreciation and a strengthening “Corrective” Dollar and Yen… since we know a “Common Caveat” in this type of Climate:
“The Deeper the Pullback… The Stronger The Trend…”
So let’s see if this does, indeed, hold true!… at least on a Macro-View.
Of course this begs the REAL Question… “A True Paradigm Shift?… or simply another Bear Market Rally…”
P.S. - Do not forget the “Technical Perspectives of the Majors” Report in a few hours at 7:00 GMT !
I do apologize again for yesterday’s email issue… and again… it has been resolved.
