A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings again, Everyone!
Dollar weakness continues quietly but consistently as Risk Aversion gives way to Price Corrections in most Markets.
The Euro and Swissy are fine Examples to illustrate this, with clear IntraDay trends as we move closer and closer towards the U.S. GDP Data Points.
While we stillhave the opportunity for “Counter-Intuitive” Dollar Strength moving forward with Negative GDP… the Probability lies at this point with “Normal” Reactions to the Data,considering current Price Directionality on both Units.
Here are the Hourly Views of both Units, so give the Captures a Click for Commentary.
Post-Time is 11:10 GMT.
I will be back with as the Data plays out and the NYSE Opens to absorb the Activity, and as we move towards the Fed Issues as well!
Hi Tim (CVJ)
Do you see an invert H&S on 4hr Eur/USD chart?
Regards
su25
Greetings Once Again, Su25!…and Thank You for another Inquiry and Visit!
While I do not personally follow such a “Major” Pattern such as the Head-and Shoulders on an Hourly or Higher Time-Cycle… ( my Prefernce lies in Validity with the Daily and Lower Views…), The Case certainly can be made here for you Inverse H & S Pattern… as we certainly “FUNCTIONED AND BEHAVED” within the Structure Itself.
I find that in ALL Cases personally… The “FUNCTION” of Price Patterns and Formations will ALWAYS supercede their “Textbook” Formations.
Sincerely,
- Tim -