A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings once again, Everyone!
As Gold and Crude get slammed, the U.S. Futures bidding lower, and Dollar and Yen Strength continuing… we really have no major changes since our last Update at 6:30 GMT.
The “classic” Volume and Sentiment Issues of Summer are upon us, and our back-and-forth Rotation of some Risk Appetite/Risk Aversion continues on… certainly a somewhat “typical” Monday of the last few months, relatively speaking.
Let’s check in on The Fiber, where we are currently seeing a nice Hourly Bounce from Static Support at the 1.3880’s. Price would need to clear our Magenta Dynamic Area there that we put in a week ago… and even beyond this, The Euro still needs to get into the 1.400’s for a real “Signs of Life”, as it were.
The Fractal Price Action is quite clear here… with what I like to call multiple “Baby Flags” all over.
Here is the Hourly View so give it a Click for various Levels, and Post-Time is right at the U.S. Open at 13:30 GMT.
As always, I will be back with you for more Updates as we move along, and watch for Crude Oil and Gold to be a “slight Bellwether” of Activity as we move throughout our day!
