A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings again, Everyone!
We are about 5 Minutes ahead of the NYSE Open… where U.S. Equity Futures are relatively “Flat” and bidding lower by about 55/50 as of this Writing.
The ADP Private Payroll Processing Numbers came in largely “In Line” with Consensus, as we await the U.S. Factory Orders, ISM Non-Manufacturing Data, and Testimony from ”Big Ben” as well… surely the Highlight of Everyone’s Day !!!
Let’s have a look at The Fiber… since we have not checked in here on the Blog with EUR/USD in a few days!
Here are both Captures, so give them a Click, as always, for various Levels and points of Reference.
Pst-Time is 13:25 GMT.
On The Weekly, Price still hovers and finds Dynamic Support at the 50% Weekly Fib Variant of the July 2008 High following the Massive Downleg, and our Macro-Symmetrical Triangle Negated months ago… ( I drew this Triangle and Fib back in February… what can I say… Me and my Long-Term Views… hee heee… ;-)
The Hourly IntraDay View for my IntraDay Friends sees the Dynamic Cluster Support at that same 50% Fib Variant coupled with 1.4140’s Static Support, which if we Hold and Maintain here… We will develop a “New” Transitive Rollover” with Resistance becoming Support as Price looks to “potentially” Deeper Corrections to the 1.4090’s Lows of the Day.
We may see this then as a “Shallow” Correction, as we see “Across The Board” Sentiment still emphasizing Continual Dollar Weakness moving forward… at least from an IntraDay Perspective for now.
Of course, please join me again for more Updates as we monitor the already-beginning “Slowing” of Momentum moving into the BoE and ECB tomorrow, and especially NFP Friday with Institutional Re-Positioning highly likely to occur as we move ahead!
