A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings once again, Everyone!
We are about 40 minutes into the NYSE Open, where Equities and the Major Indices are Bidding Lower, as the European Bourses feed into the U.S. Session. Crude Oil is maintaining Support slightly above the $60 Area, and Gold is Buoyant at $937.
The U.K Retail sales, coupled with the Credit Downgrade of the U.K. Debt Margins gave us a “Catalyst” of Momentum to see the Correction we were speaking of over the past several Blog Updates.
While our Near-Term “Major” Area on The Queen of 1.5450’s has not been seen, it is still certainly Probable as Price Appreciation continues In Concert with the Trend… as Deeper Corrections are needed for the Integrity of the Trend.
Fiber also clocks in with Accumulation leading into Consolidation in a tight Range, as the 1.3670’s/1.3700 Handle calls for Price to the Downside, and a Clip of the 1.3800 Handle calls from the Upside.
Here are the Hourly Captures of both Units, so give them a Click for Commentary.
Post-Time is 14:15 GMT.
Of course… the various Units that are “Anchored” with Consolidation call for different Techniques and Perspectives of Execution… so your Ranging Markets-Toolbox will come into Relevance here.
We will certainly return for additional Updates, so please join me again as we move throughout our Day!
