A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings Once Again, Everyone!
With the ECB and BoE Interest Rate Decisions largely “digested” at this point, ( considering they were Priced-In already…) , it was the Rhetoric of Trichet’s Press Conference that really changed the Course of Directionality here with the Two Units.
Our “General” Hourly Ranges are still Intact and Valid… as the Dollar Strengthens against the Pound and weakness against the Euro as if this Writing, giving us our “Non-Correlating” Behavior with Fiber and Cable.
Currently..we are seeing “Double-Top” Behavior on the Hourly View in Cable… so Technical would have brought the Unit down to Support irregardless of the Data, in that sense.
Euro Hourly is giving us a Bull Flag to work with… and if the Formation is completed… a “potential” 1.3330’s Correction may see the 1.3600 Handle ONLY in the Mid-Term…as this is not currently the favored Bias.
If we simply continue with the Dollar Strength Correction we are seeing now… a “Double-Top” will be in place at the 1.3470’s to bring Price into more Depreciation.
Here are the Hourly Views without Commentary for nice clear Illustrations.
Give the Captures a Click, and Post-Time is 16:00 GMT.
I will certainly be back with you later, as we see some of the Stress Tests Information on the Banks continue to “Leak Out”, and as Markets begin to “Ease” with Activity leading into Non-Farm Payrolls tomorrow!
( Please feel free to watch the Q&A Session below this Post I was involved in with our FXstreet Advisor, Valeria Bednarik! These are always enjoyable to do, and I am always pleased for the Opportunity to be involved!… )
the pound euro diversity in direction was likely to bullish euro/gbp action with very big ..what I view as “correction” today in downward eur/gbp move ..tomorrow we may see completely the opposite !