A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings again, Everyone!
We enter into The European Session with EuroZone Equity Futures bidding lower on the back of slightly Negative Bourse Movement in the Asian-Pacific Sectors. From the IntraDay Views, we are seeing a bit of “Mixed Sentiment” as The Dollar and The Yen find some Disconnect with Correlations.
Both Risk-Averse Currencies see Strength in most Majors, albeit the Swissy is beginning to show early Signs of Accumulation and Neutrality. This may be signaling Behavior leading to Clear Consolidation… that will “bleed-out” into other Units moving forward.
While The Fiber and Cable show clear Downtrends, the Strength of The Yen is eclipsing The Dollar, as a Sentiment Shift develops due to eventual “Muting” Behavior ahead of The FOMC Decision tomorrow.
The Euro Pound is Illustrative of this current ”Easing Momentum” on The Hourly View, and here is The Capture with Commentary above, so give it a Click as always.
Post-Time is 7:15 GMT.
While the Hourly Uptrend Channel is clearly in View… We can observe Accumulation which will lead into Solid Consolidation if the Dynamic Magenta Range Holds between the .8480-8510 Levels.
Continuation sees the .8530’s Static Resistance Area In View with even a Reach to the .8600 Handle in the near-Term… although out on the Mid-Term Larger Views… the .8250’s still remains Deep Static Support due to the “Heavy” Euro and resilient Pound moving forward.
We will check on The Unit as we move along, and for more Immediate-Term Detail of the varying “Degrees” of Dollar and Yen Strength and the “MIxed Sentiment” we spoke of… please have a look at the “Currency Majors Technical Perspective” Report just published.
As always, please join me for several more Updates today, as we move closer and closer into FOMC Territory, while also being Mindful of the 14:00 GMT U.S. Existing Home Sales Data Point as well!
