A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings once again, Everyone at The NY Close!
The U.S. Equities and Indices come largely “In Line” with slight “Round-Turn Flatness”… meaning we End largely where we Began.
While Volatility was not largely seen in The Equities despite Expiry today… we can argue that The “Quadruple Witching” may have had an Impact on Position Covering across the Board as we head into The Weekend.
The Key Drivers in my personal View today were Volatility… and Its Father… Volatility Sr. !… hee hee… 
The Majors dealt with increased Risk Appetite and small impulsive “Breaks” all of the “IntraDay Map”, especially with “The Four Sibling Majors”.
As we reviewed early at 7:00GMT during my “Currency Majors” Report , we did see initial subtle Bearish Sentiment leading into The European Session… and as we moved along… The Larger Consolidation Ranges did Contain Price.
We know from Classic Technical Analysis that even the most “subtle and tepid” Areas of Accumulation leading to Consolidation will need to eventually “blow off Steam”, as the old saying goes… and this is precisely what we observed with the Breaks throughout The Four Majors and many of The Yen Crosses.
We use the GBP/USD and EUR/USD for Illustration here on The Hourly Views, so give the Captures a Click for Levels, and Post-Time is a little over an hour after The NYSE Close at 21:15 GMT.
As has been the case with leading the “Volatility Path”, The Queen certainly ran with this Sentiment, as an Hourly Bull Flag is now In Formation. A Break of the Area may see Depreciation back to the 1.6400 Handle “Transitive Rollover” Support… as Price seeing the 1.6600 Handle is not due in the Immediate-Term with Sunday’s Sydney Open.
The Fiber sees more Consolidative Retracement with Its own “Break Move”, as we have literally complete Retracement here, that is Negating the Impulsive Gesture in the first Place. The Hourly Double-Top is In Play here… as Price looks back towards Dynamic Support at the Magenta 1.3900’s Area.
Similar to The Queen…a larger Breach of higher Resistance ( in this case… up around the 1.4040’s Area…) is needed for any Solid Bullish Sentiment to truly be back In Favor in the Near-Term.
As is very often the Case with Breakout… we see them “Fail” and Correct back to Previous Levels, and in Today’s Examples… The Expiry Issues surely cold have been a Factor with Institutional Re-Positioning.
Be sure to have a fine Evening, Everyone!… and I will be back with you for some “Weekend Thoughts” tomorrow and Sunday, so please join me for a Visit!
