Greetings again, for another Update!
Plenty of Volatility keeps the European Session /U.S. Session Overlap moving along with Variants of Risk Appetite and Risk Aversion… meaning “Noise, Noise, and more Noise”…hee hee….
EUR/USD is still a bit “Clean” with Price Behavior on the Hourly…as we are “caught” in a Consolidative Channel of 1.3160’s to roughly 1.3300/1.3330’s.
While in the Immediate-Term… we look to Cap here with, perhaps, some “Triple Toppish” Behavior… in the Near-Term…we look for potential Dollar Weakness ( and Yen weakness as well…) to continue moving forward.
EUR/JPY also is finding Yen Strength in the Immediate-Term moving forward… and it will be interesting to see how Construction Spending, ISM , and Pending Home Sales out of the U.S. may simply “Bleed Out” to the Yen from the Dollar… as these two “Old Friends” are walking largely “In Concert” lately…
Here are the Hourly Views of both, so give them a Click for Commentary… and Post-Time is 13:50 GMT.
Of course, I will be back with another “Double-Duty Before-and-After” Update when the rest of the Data Points hit in about 10 Minutes!
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