Greetings, and welcome to Monday Everyone!

We have plenty of Macro-Event Data coming in what many of us like to call a  ”Central Bank Week”.

“On the Block” this week is the Bank of Japan, the Reserve Bank of Australia,  and the Bank of England… as well as FOMC Minutes and Trade Balance, among a host of other Data Points.

Interestingly enough… we simply continue with “Bullish Sentiment” with most Majors and the Yen Crosses with a return of Risk Appetite… and the weak Dollar is keeping pressure on Gold as well.

I spoke a little about Multiple-Time Frames and some perspectives on why I personally prefer to work with Longer-Term Views overall in the first of my Weekend Posts ( the two previous Posts on the Blog…)

Our current Price Behavior on EUR/USD provides a fine Example here as the Unit… as with many Majors at this point… are ”Overextended” and “Overbought”.

This leads us to some curiosities for those who prefer IntraDay work in looking for potential “Entries of Execution”.

If one was to follow the Longer-Term View… Risk Appetite from purely a “Technical Sense” would not have been much of a surprise.

Here is the “Naked” Weekly Chart to illustrate my view, so give it a Click…. and Post-Time tonight is 2:15 GMT.

Here now is the Hourly View… where we see the manifestation continuing of that Longer-Term “Double/Rounded Bottom Formation” from up above on the Weekly.

The Pound Yen also gives us a “Similar” View with Risk Appetite and the struggling Yen… here is the Daily for some Perspective.

We will certainly check in with these two Units moving forward with our Update around 11:00 GMT during the European Session, so I will see you then!

In the Interim… I will return right around 7:00 GMT with the “Technical Perspective of the Majors” Report under the “Technical” Section right here on FXstreet.